Polar Asset Management Partners Inc. Makes New $5.05 Million Investment in Avery Dennison Corporation $AVY

Polar Asset Management Partners Inc. bought a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, HoldingsChannel reports. The firm bought 31,129 shares of the industrial products company’s stock, valued at approximately $5,054,000.

A number of other large investors also recently made changes to their positions in AVY. 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 increased its stake in Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares during the period. Root Financial Partners LLC lifted its position in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Avery Dennison during the 3rd quarter valued at $36,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Avery Dennison during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the sale, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by insiders.

Avery Dennison Stock Performance

NYSE:AVY opened at $180.12 on Wednesday. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm’s fifty day simple moving average is $167.64 and its 200 day simple moving average is $170.09. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $13.65 billion, a PE ratio of 19.73, a PEG ratio of 2.34 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business earned $2.42 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. 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 payout ratio is currently 43.81%.

Analyst Upgrades and Downgrades

AVY has been the topic of a number of research reports. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. UBS Group boosted their target price on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their price target on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Argus set a $175.00 price target on Avery Dennison in a report on Thursday, June 4th. Finally, Truist Financial dropped their price objective on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.22.

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.