Kingsview Wealth Management LLC Takes $3.23 Million Position in Avery Dennison Corporation $AVY

Kingsview Wealth Management LLC acquired a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,874 shares of the industrial products company’s stock, valued at approximately $3,227,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Beacon Pointe Advisors LLC acquired a new position in shares of Avery Dennison in the 2nd quarter valued at $438,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Avery Dennison during the second quarter valued at about $219,000. Empowered Funds LLC acquired a new position in shares of Avery Dennison in the second quarter worth about $903,000. United Capital Financial Advisors LLC purchased a new position in shares of Avery Dennison in the second quarter worth approximately $369,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of Avery Dennison during the second quarter valued at approximately $904,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group upped their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Truist Financial cut their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup raised their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.22.

Insider Buying and Selling

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Avery Dennison Stock Down 0.4%

Avery Dennison stock opened at $177.71 on Friday. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. 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 $13.47 billion, a PE ratio of 19.46, a P/E/G ratio of 2.27 and a beta of 0.81. The firm’s 50 day moving average price is $168.88 and its two-hundred day moving average price is $169.98.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating 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 business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the company posted $2.42 EPS. Avery Dennison’s revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, research analysts predict that Avery Dennison Corporation will post 10.15 EPS 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 paid a $1.00 dividend. The ex-dividend date 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%.

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.