JPMorgan Chase & Co. Has $65.28 Million Stake in Avery Dennison Corporation $AVY

JPMorgan Chase & Co. trimmed its position in shares of Avery Dennison Corporation (NYSE:AVY) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,539 shares of the industrial products company’s stock after selling 91,895 shares during the period. JPMorgan Chase & Co. owned approximately 0.52% of Avery Dennison worth $65,283,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AVY. Empowered Funds LLC increased its holdings in shares of Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock worth $2,409,000 after purchasing an additional 819 shares during the period. Focus Partners Wealth increased its position in shares of Avery Dennison by 7.6% during the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 278 shares during the period. Intech Investment Management LLC acquired a new position in shares of Avery Dennison in the first quarter valued at $1,209,000. D.A. Davidson & CO. lifted its position in Avery Dennison by 6.5% in the second quarter. D.A. Davidson & CO. now owns 6,228 shares of the industrial products company’s stock worth $1,093,000 after purchasing an additional 379 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Avery Dennison by 3.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 191,150 shares of the industrial products company’s stock worth $33,541,000 after buying an additional 6,186 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AVY has been the subject of a number of recent research reports. Argus set a $200.00 price objective on shares of Avery Dennison in a research note on Tuesday, October 28th. BMO Capital Markets increased their price target on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Truist Financial lifted their price objective on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. UBS Group increased their target price on Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Citigroup boosted their price target on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $208.45.

Avery Dennison Stock Up 0.4%

NYSE AVY opened at $197.46 on Wednesday. The stock’s 50 day simple moving average is $187.50 and its 200 day simple moving average is $176.38. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $199.54. The firm has a market cap of $15.26 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 0.76.

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

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.9%. Avery Dennison’s payout ratio is currently 42.82%.

Insider Activity

In other news, SVP Ignacio J. Walker sold 1,156 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.95, for a total transaction of $223,050.20. Following the transaction, the senior vice president directly owned 7,588 shares in the company, valued at approximately $1,464,104.60. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

About Avery Dennison

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.