Avery Dennison Corporation $AVY Stock Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Avery Dennison Corporation (NYSE:AVY) by 60.6% during the third quarter, Holdings Channel reports. The fund owned 14,740 shares of the industrial products company’s stock after acquiring an additional 5,563 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Avery Dennison were worth $2,516,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Family Wealth Partners LLC bought a new stake in Avery Dennison during the third quarter worth about $128,000. CWA Asset Management Group LLC purchased a new position in shares of Avery Dennison in the 3rd quarter worth about $131,000. Investment Research Partners LLC bought a new position in shares of Avery Dennison during the 3rd quarter valued at about $224,000. Kaufman Rossin Wealth LLC bought a new position in shares of Avery Dennison during the 3rd quarter valued at about $128,000. Finally, Generali Investments Management Co LLC bought a new position in shares of Avery Dennison during the 3rd quarter valued at about $815,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AVY. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. 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. JPMorgan Chase & Co. increased their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $181.00 price target on shares of Avery Dennison in a research note on Monday, September 28th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $199.10.

Insider Transactions 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 stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares in the company, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Nicholas Colisto sold 3,886 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total value of $663,262.48. Following the transaction, the senior vice president owned 7,126 shares in the company, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.81% of the company’s stock.

Avery Dennison Stock Performance

Avery Dennison stock opened at $184.34 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $13.97 billion, a PE ratio of 17.59, a P/E/G ratio of 2.15 and a beta of 0.79. The firm has a fifty day simple moving average of $173.88 and a two-hundred day simple moving average of $167.37. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the business posted $2.42 earnings per share. The company’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. Research analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.