Meyer Handelman Co. Sells 25,080 Shares of Avery Dennison Corporation $AVY

Meyer Handelman Co. cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 55.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,920 shares of the industrial products company’s stock after selling 25,080 shares during the period. Meyer Handelman Co.’s holdings in Avery Dennison were worth $3,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Portside Wealth Group LLC lifted its holdings in Avery Dennison by 4.7% in the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock valued at $217,000 after buying an additional 60 shares during the period. Capital Investment Advisors LLC grew its holdings in Avery Dennison by 3.4% during the 4th quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 61 shares during the period. Resources Management Corp CT ADV grew its holdings in Avery Dennison by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after acquiring an additional 62 shares during the period. Mather Group LLC. raised its position in shares of Avery Dennison by 3.6% during the 4th quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 64 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Avery Dennison by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock valued at $3,754,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,464,104.60. This represents a 13.22% decrease in their position. 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 firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the sale, the director owned 211,147 shares in the company, valued at $36,714,240.36. This trade represents a 8.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,156 shares of company stock worth $5,930,150 in the last quarter. 0.81% of the stock is currently owned by company insiders.

Avery Dennison Trading Up 2.8%

Shares of NYSE AVY opened at $172.85 on Wednesday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $199.54. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 3.00 and a beta of 0.97. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The company’s fifty day moving average is $183.47 and its 200-day moving average is $177.09.

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

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) is currently 42.82%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AVY shares. UBS Group raised their price target on Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Citigroup upped their price objective on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. BMO Capital Markets boosted their target price on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Truist Financial upped their price target on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.45.

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.