Equitable Holdings Inc. Makes New $904,000 Investment in Avery Dennison Corporation $AVY

Equitable Holdings Inc. purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,566 shares of the industrial products company’s stock, valued at approximately $904,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Avery Dennison in the 2nd quarter valued at approximately $1,052,464,000. Norges Bank acquired a new stake in Avery Dennison during the 4th quarter worth approximately $188,438,000. Bank of America Corp DE acquired a new stake in Avery Dennison during the 2nd quarter worth approximately $142,169,000. The Manufacturers Life Insurance Company bought a new position in Avery Dennison in the second quarter valued at approximately $118,728,000. Finally, Morgan Stanley boosted its holdings in shares of Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after buying an additional 647,795 shares during the period. Institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

AVY has been the subject of several research reports. Bank of America reissued a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Truist Financial reduced their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. JPMorgan Chase & Co. increased their target price on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Citigroup lifted their price target on Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.22.

Avery Dennison Stock Down 0.4%

Shares of AVY stock opened at $177.71 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm’s fifty day moving average price is $168.88 and its two-hundred day moving average price is $169.98. The firm has a market capitalization of $13.47 billion, a P/E ratio of 19.46, a PEG ratio of 2.27 and a beta of 0.81.

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

Avery Dennison Announces Dividend

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

Insider Buying and Selling

In related news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the transaction, the senior vice president directly owned 7,585 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

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.