Empowered Funds LLC Makes New $903,000 Investment in Avery Dennison Corporation $AVY

Empowered Funds LLC bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,563 shares of the industrial products company’s stock, valued at approximately $903,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in Avery Dennison during the second quarter valued at $27,000. Elevation Wealth Partners LLC increased its holdings in shares of Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Avery Dennison in the 3rd quarter worth about $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Avery Dennison during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 1.3%

AVY stock opened at $175.27 on Friday. The firm has a fifty day moving average price of $170.12 and a 200 day moving average price of $169.32. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market cap of $13.28 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.09 and a beta of 0.81. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54.

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

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Avery Dennison’s payout ratio is 43.81%.

Insiders Place Their Bets

In other news, SVP Ignacio Walker sold 1,742 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Citigroup lifted their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Argus set a $175.00 price target on Avery Dennison in a research note on Thursday, June 4th. Finally, Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and an average target price of $201.22.

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.