L2 Asset Management LLC Purchases New Holdings in Avery Dennison Corporation $AVY

L2 Asset Management LLC acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) in the second quarter, HoldingsChannel reports. The fund acquired 5,288 shares of the industrial products company’s stock, valued at approximately $859,000.

Other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Avery Dennison during the second quarter worth approximately $27,000. Elevation Wealth Partners LLC lifted its position in shares of Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after buying an additional 171 shares during the last quarter. Root Financial Partners LLC boosted its stake in Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 73 shares during the period. Measured Wealth Private Client Group LLC bought a new position in Avery Dennison during the 3rd quarter worth $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Avery Dennison during the fourth quarter worth about $37,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

AVY has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group raised their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Argus set a $175.00 price objective on shares of Avery Dennison in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Avery Dennison currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.22.

Avery Dennison Stock Performance

Shares of NYSE AVY opened at $183.78 on Tuesday. The stock’s fifty day simple moving average is $167.28 and its 200 day simple moving average is $170.18. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.01 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.Avery Dennison’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, sell-side analysts forecast that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

About Avery Dennison

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.