The Manufacturers Life Insurance Company Acquires Shares of 731,310 Avery Dennison Corporation $AVY

The Manufacturers Life Insurance Company bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 731,310 shares of the industrial products company’s stock, valued at approximately $118,728,000. The Manufacturers Life Insurance Company owned approximately 0.96% of Avery Dennison at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Avery Dennison by 8.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock worth $30,857,000 after buying an additional 13,494 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Avery Dennison by 59.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company’s stock worth $12,221,000 after acquiring an additional 24,953 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Avery Dennison in the 4th quarter worth approximately $2,546,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Avery Dennison by 184.0% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,200 shares of the industrial products company’s stock valued at $2,583,000 after purchasing an additional 9,200 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Avery Dennison during the fourth quarter worth $4,319,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 owned 7,585 shares of the company’s stock, valued at $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on AVY shares. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Weiss Ratings upgraded shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Truist Financial lowered their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus target price of $201.22.

Avery Dennison Stock Performance

Avery Dennison stock opened at $180.12 on Wednesday. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.34 and a beta of 0.81. The stock has a fifty day moving average of $167.64 and a two-hundred day moving average of $170.09. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is currently 43.81%.

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.