Man Group plc Makes New $6.53 Million Investment in Avery Dennison Corporation $AVY

Man Group plc purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 40,204 shares of the industrial products company’s stock, valued at approximately $6,527,000.

Other large investors also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in shares of Avery Dennison during the 2nd quarter valued at approximately $27,000. Root Financial Partners LLC boosted its holdings in Avery Dennison by 60.8% during the fourth 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. Elevation Wealth Partners LLC grew its position in Avery Dennison by 684.0% during the second 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. Godfrey Financial Associates Inc. acquired a new position in shares of Avery Dennison in the fourth quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Avery Dennison during the 2nd quarter worth about $37,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial reduced their price target on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price objective on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. UBS Group upped their target price on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $201.22.

Insider Transactions at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Trading Down 0.4%

Shares of AVY opened at $177.71 on Friday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The firm has a market capitalization of $13.47 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.27 and a beta of 0.81. The firm has a 50-day moving average price of $168.88 and a 200 day moving average price of $169.98. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37.

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

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s payout ratio is presently 43.81%.

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.