Ferguson Wellman Capital Management Inc. Trims Holdings in Avery Dennison Corporation $AVY

Ferguson Wellman Capital Management Inc. decreased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,018 shares of the industrial products company’s stock after selling 2,991 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Avery Dennison were worth $4,914,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after acquiring an additional 361,231 shares during the last quarter. Wellington Management Group LLP raised its stake in Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after purchasing an additional 644,664 shares in the last quarter. State Street Corp lifted its position in Avery Dennison by 0.6% during the third quarter. State Street Corp now owns 3,667,474 shares of the industrial products company’s stock valued at $594,754,000 after purchasing an additional 20,860 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Avery Dennison by 30.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after buying an additional 435,156 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Avery Dennison by 4.9% in the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock worth $269,180,000 after buying an additional 77,272 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Ignacio J. Walker sold 1,156 shares of Avery Dennison stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the sale, the senior vice president directly owned 7,588 shares in the company, valued at approximately $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitchell R. Butier sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the sale, the director directly owned 211,147 shares of the company’s stock, valued at $36,714,240.36. This represents a 8.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 34,156 shares of company stock valued at $5,930,150. 0.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

AVY has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. BMO Capital Markets boosted their price objective on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. UBS Group raised their price objective on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Citigroup lifted their target price on Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Truist Financial boosted their target price on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus target price of $208.45.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $171.15 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.96 and a beta of 0.97. The firm’s 50-day moving average is $184.89 and its 200 day moving average is $176.95.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the firm earned $2.38 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Research analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a dividend of $0.94 per share. The ex-dividend date was Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Avery Dennison’s payout ratio is presently 42.82%.

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.