Teacher Retirement System of Texas Sells 34,537 Shares of Avery Dennison Corporation $AVY

Teacher Retirement System of Texas decreased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,611 shares of the industrial products company’s stock after selling 34,537 shares during the period. Teacher Retirement System of Texas’ holdings in Avery Dennison were worth $11,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AVY. Wellington Management Group LLP increased its position in Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after acquiring an additional 644,664 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Avery Dennison in the third quarter worth about $74,942,000. Ameriprise Financial Inc. grew its holdings in shares of Avery Dennison by 30.9% in the third quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after purchasing an additional 435,156 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Avery Dennison in the third quarter worth about $51,443,000. Institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AVY. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Friday, March 27th. Truist Financial cut their price target on shares of Avery Dennison from $233.00 to $223.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target on the stock. Citigroup cut their price target on shares of Avery Dennison from $201.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average price target of $207.11.

Insider Activity

In other Avery Dennison news, Director Mitchell R. Butier sold 13,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the completion of the sale, the director directly owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.95, for a total transaction of $223,050.20. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 34,156 shares of company stock valued at $5,930,150. Insiders own 0.81% of the company’s stock.

Avery Dennison Price Performance

NYSE AVY opened at $165.42 on Friday. 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 price is $176.66 and its 200-day moving average price is $177.81. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $199.54. The company has a market cap of $12.72 billion, a PE ratio of 18.84, a P/E/G ratio of 2.77 and a beta of 1.00.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the firm earned $2.38 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Sell-side analysts forecast that Avery Dennison Corporation will post 10.07 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, March 4th. Avery Dennison’s dividend payout ratio is presently 42.82%.

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.