Magnetar Financial LLC Invests $1.88 Million in Avery Dennison Corporation $AVY

Magnetar Financial LLC bought a new stake in Avery Dennison Corporation (NYSE:AVY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,608 shares of the industrial products company’s stock, valued at approximately $1,882,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Avery Dennison by 3.6% in 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 purchasing an additional 361,231 shares during the last quarter. State Street Corp lifted its stake in shares of Avery Dennison by 0.6% during the 2nd quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock valued at $639,871,000 after buying an additional 23,309 shares in the last quarter. Invesco Ltd. grew its position in shares of Avery Dennison by 2.6% in the second quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock valued at $277,697,000 after purchasing an additional 40,803 shares in the last quarter. Norges Bank bought a new stake in shares of Avery Dennison during the second quarter valued at about $174,425,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Avery Dennison by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 967,013 shares of the industrial products company’s stock valued at $156,820,000 after purchasing an additional 27,451 shares during the period. 94.17% of the stock is owned by institutional investors.

Avery Dennison Stock Down 2.1%

NYSE AVY opened at $170.92 on Friday. The stock has a 50 day moving average price of $188.08 and a 200-day moving average price of $177.12. 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 capitalization of $13.14 billion, a P/E ratio of 19.47, a P/E/G ratio of 3.12 and a beta of 0.97. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $199.54.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results 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 firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. As a group, equities analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders 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 is Wednesday, March 4th. Avery Dennison’s dividend payout ratio (DPR) is 42.82%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. BMO Capital Markets increased their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Truist Financial raised their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Finally, Citigroup boosted their price objective on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $208.45.

Insider Activity at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s 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 transaction, the senior vice president directly owned 7,588 shares in the company, valued at $1,464,104.60. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

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.