Kennedy Capital Management LLC Sells 5,218 Shares of Avery Dennison Corporation $AVY

Kennedy Capital Management LLC cut its stake in Avery Dennison Corporation (NYSE:AVY) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,118 shares of the industrial products company’s stock after selling 5,218 shares during the quarter. Kennedy Capital Management LLC owned about 0.12% of Avery Dennison worth $15,263,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AVY. Norges Bank bought a new position in Avery Dennison during the 2nd quarter valued at about $174,425,000. 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 valued at $1,683,185,000 after buying an additional 361,231 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Avery Dennison during the third quarter valued at approximately $51,443,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Avery Dennison by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock worth $164,865,000 after buying an additional 129,189 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Avery Dennison by 567.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock worth $24,168,000 after acquiring an additional 126,704 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.0%

Avery Dennison stock traded up $0.08 during midday trading on Friday, hitting $171.09. 83,184 shares of the company’s stock were exchanged, compared to its average volume of 639,589. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.76 and a current ratio of 1.13. The company has a market cap of $13.15 billion, a PE ratio of 19.48, a P/E/G ratio of 3.12 and a beta of 0.97. The firm has a 50-day moving average of $188.08 and a two-hundred day moving average of $177.12.

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

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s dividend payout ratio is presently 42.82%.

Analyst Upgrades and Downgrades

AVY has been the topic of several research analyst reports. Citigroup upped their price objective on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Truist Financial raised their price target on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Finally, BMO Capital Markets upped their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $208.45.

Insider Activity at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,156 shares of Avery Dennison stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.95, for a total value of $223,050.20. Following the transaction, the senior vice president owned 7,588 shares of the company’s stock, valued at $1,464,104.60. The trade was a 13.22% decrease in their position. The sale was disclosed in a filing 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.