4,997 Shares of Avery Dennison Corporation $AVY Bought by Essex LLC

Essex LLC purchased a new stake in Avery Dennison Corporation (NYSE:AVY) during the third quarter, HoldingsChannel.com reports. The firm purchased 4,997 shares of the industrial products company’s stock, valued at approximately $853,000.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Avery Dennison in the 2nd quarter valued at $1,052,464,000. Wellington Management Group LLP increased its position in Avery Dennison by 9.1% during the 2nd quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company’s stock worth $939,760,000 after buying an additional 482,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Avery Dennison by 1.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company’s stock worth $155,350,000 after buying an additional 17,769 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Avery Dennison by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 879,056 shares of the industrial products company’s stock worth $151,766,000 after buying an additional 21,044 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Avery Dennison during the second quarter worth $142,169,000. 94.17% of the stock is owned by institutional investors.

Avery Dennison Price Performance

AVY stock traded up $1.08 during midday trading on Wednesday, reaching $171.80. 777,542 shares of the stock were exchanged, compared to its average volume of 747,675. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The company has a fifty day moving average price of $173.95 and a 200 day moving average price of $167.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The stock has a market capitalization of $13.02 billion, a PE ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 0.79.

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

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.3%. Avery Dennison’s dividend payout ratio is currently 43.81%.

Wall Street Analysts Forecast Growth

AVY has been the topic of several recent research reports. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America restated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Citigroup lifted their price objective on Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, UBS Group upped their target price on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.10.

Insiders Place Their Bets

In other news, SVP Ignacio Walker sold 1,742 shares of the company’s stock in a transaction dated 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 owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% 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. Also, SVP Nicholas Colisto sold 3,886 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value of $663,262.48. Following the completion of the sale, the senior vice president directly owned 7,126 shares of the company’s stock, valued at $1,216,265.68. This trade represents a 35.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.81% of the company’s stock.

Avery Dennison Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.