Avery Dennison Corporation $AVY Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in Avery Dennison Corporation (NYSE:AVY) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,307 shares of the industrial products company’s stock after selling 24,148 shares during the period. Truist Financial Corp’s holdings in Avery Dennison were worth $14,061,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AVY. Vanguard Group Inc. raised its stake in shares of Avery Dennison by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after purchasing an additional 361,231 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Avery Dennison by 11.7% in the third quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock worth $57,025,000 after purchasing an additional 36,698 shares in the last quarter. Fieldview Capital Management LLC increased its holdings in Avery Dennison by 412.7% in the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock valued at $4,259,000 after buying an additional 21,142 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Avery Dennison during the third quarter valued at approximately $2,785,000. Finally, CPC Advisors LLC acquired a new stake in Avery Dennison during the fourth quarter valued at approximately $1,464,000. 94.17% of the stock is currently owned by institutional investors.

Insider Activity at Avery Dennison

In related news, Director Mitchell R. Butier sold 20,000 shares of Avery Dennison stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the sale, the director directly owned 211,147 shares in the company, valued at $36,714,240.36. The trade was a 8.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AVY. UBS Group decreased their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Truist Financial restated a “buy” rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Citigroup lowered their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. BMO Capital Markets increased their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison Stock Performance

AVY opened at $165.47 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The business’s 50 day moving average is $172.33 and its 200-day moving average is $178.31. The stock has a market cap of $12.73 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.84. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $2.30 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts predict that Avery Dennison Corporation will post 10.06 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Avery Dennison’s dividend payout ratio (DPR) is currently 45.10%.

Avery Dennison Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.