Meyer Handelman Co. Has $3.62 Million Holdings in Avery Dennison Corporation $AVY

Meyer Handelman Co. decreased its position in Avery Dennison Corporation (NYSE:AVY) by 55.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,920 shares of the industrial products company’s stock after selling 25,080 shares during the period. Meyer Handelman Co.’s holdings in Avery Dennison were worth $3,623,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. 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 worth $1,683,185,000 after buying an additional 361,231 shares during the period. Wellington Management Group LLP raised its position in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after buying an additional 644,664 shares during the last quarter. State Street Corp lifted its stake in Avery Dennison by 0.6% in the 3rd quarter. State Street Corp now owns 3,667,474 shares of the industrial products company’s stock valued at $594,754,000 after acquiring an additional 20,860 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Avery Dennison by 30.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock valued at $298,613,000 after acquiring an additional 435,156 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Avery Dennison by 4.9% during the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock worth $269,180,000 after acquiring an additional 77,272 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. UBS Group increased their target price 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. Truist Financial raised their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. BMO Capital Markets lifted their price target on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Citigroup boosted their price target on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Stock Up 2.8%

Shares of AVY stock opened at $172.85 on Wednesday. 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 firm’s 50-day moving average is $183.47 and its 200-day moving average is $177.09. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 3.00 and a beta of 0.97. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.Avery Dennison’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were paid 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 was Wednesday, March 4th. Avery Dennison’s payout ratio is currently 42.82%.

Insider Buying and Selling

In related news, SVP Ignacio J. Walker sold 1,156 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,464,104.60. The trade was a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell R. Butier sold 20,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total value of $3,477,600.00. Following the completion of the sale, the director owned 211,147 shares in the company, valued at approximately $36,714,240.36. This trade represents a 8.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,156 shares of company stock worth $5,930,150 over the last three months. 0.81% of the stock is owned by insiders.

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.