Avery Dennison Corporation $AVY Shares Newly Acquired by Ninety One UK Ltd

Ninety One UK Ltd acquired a new position in Avery Dennison Corporation (NYSE:AVY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,000,022 shares of the industrial products company’s stock, valued at approximately $341,344,000.

Several other institutional investors have also recently made changes to their positions in AVY. Trust Co. of Vermont bought a new position in shares of Avery Dennison during the 2nd quarter valued at approximately $27,000. Elevation Wealth Partners LLC increased its holdings 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 worth $32,000 after acquiring an additional 171 shares in the last quarter. Roxbury Financial LLC bought a new stake in Avery Dennison during the 2nd quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Avery Dennison during the 2nd quarter worth approximately $40,000. Finally, Miller Global Investments LLC purchased a new position in Avery Dennison during the third quarter valued at approximately $48,000. Institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Ignacio Walker sold 1,742 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were 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. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the sale, the senior vice president owned 7,126 shares in the company, valued at approximately $1,216,265.68. This represents a 35.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is currently owned by corporate insiders.

Avery Dennison Price Performance

AVY traded up $3.89 on Thursday, hitting $175.73. 176,764 shares of the company’s stock traded hands, compared to its average volume of 744,740. The company’s 50 day simple moving average is $173.88 and its 200-day simple moving average is $167.06. 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 Corporation has a one year low of $152.42 and a one year high of $199.54. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.05 and a beta of 0.79.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share 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 business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company posted $2.42 EPS. The firm’s revenue for the quarter 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. As a group, research analysts anticipate 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 was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison’s dividend payout ratio is currently 43.81%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AVY. Citigroup upped their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Truist Financial decreased their price objective on shares of Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a research note on Monday, September 28th. Finally, UBS Group upped their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average target price of $199.10.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.