Jefferies Financial Group Inc. Takes Position in Avery Dennison Corporation $AVY

Jefferies Financial Group Inc. bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,300 shares of the industrial products company’s stock, valued at approximately $1,672,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Avery Dennison in the 2nd quarter valued at approximately $1,052,464,000. Wellington Management Group LLP lifted its stake in Avery Dennison by 12.5% in 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 acquiring an additional 644,664 shares during the last quarter. Morgan Stanley increased its stake in shares of Avery Dennison by 20.1% during the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after purchasing an additional 647,795 shares during the last quarter. State Street Corp raised its holdings in shares of Avery Dennison by 0.9% in the 4th quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock valued at $673,247,000 after purchasing an additional 34,124 shares during the period. Finally, Invesco Ltd. lifted its stake in Avery Dennison by 4.9% in the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock valued at $269,180,000 after purchasing an additional 77,272 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AVY. Argus set a $175.00 price objective on Avery Dennison in a research note on Thursday, June 4th. JPMorgan Chase & Co. increased their price target on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. UBS Group increased their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Citigroup lifted their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.22.

Avery Dennison Trading Down 0.4%

Shares of Avery Dennison stock opened at $177.71 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a 50-day moving average of $168.88 and a 200-day moving average of $169.98. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The stock has a market cap of $13.47 billion, a PE ratio of 19.46, a PEG ratio of 2.27 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data 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 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 analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the company earned $2.42 EPS. The business’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. As a group, sell-side analysts forecast that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

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

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value 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 $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.

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.