Avery Dennison Corporation $AVY Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in Avery Dennison Corporation (NYSE:AVY) by 12.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 225,514 shares of the industrial products company’s stock after selling 32,253 shares during the quarter. TD Asset Management Inc’s holdings in Avery Dennison were worth $41,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sivia Capital Partners LLC acquired a new stake in Avery Dennison in the fourth quarter valued at $214,000. CIBC Asset Management Inc lifted its holdings in Avery Dennison by 71.1% in the fourth quarter. CIBC Asset Management Inc now owns 20,909 shares of the industrial products company’s stock valued at $3,803,000 after acquiring an additional 8,690 shares during the period. Bridges Investment Management Inc. acquired a new stake in Avery Dennison in the fourth quarter valued at $1,022,000. Peak Retirement Planning Inc. acquired a new stake in Avery Dennison in the fourth quarter valued at $1,956,000. Finally, Root Financial Partners LLC grew its holdings in shares of 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 acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Buying and Selling

In other Avery Dennison news, Director Mitchell R. Butier sold 13,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the sale, the director owned 198,147 shares in the company, valued at approximately $33,982,210.50. This represents a 6.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AVY shares. UBS Group lowered their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Citigroup lowered their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Friday, March 27th. Finally, Truist Financial restated a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average price target of $201.33.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $155.34 on Friday. The business’s fifty day moving average price is $164.45 and its two-hundred day moving average price is $175.86. The stock has a market cap of $11.88 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. Avery Dennison Corporation has a one year low of $152.55 and a one year high of $199.54.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.Avery Dennison’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts forecast that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.6%. Avery Dennison’s payout ratio is currently 45.10%.

Avery Dennison Company 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.