Avery Dennison (NYSE:AVY) SVP Sells 3,886 Shares

Avery Dennison Corporation (NYSE:AVY) SVP Nicholas Colisto sold 3,886 shares of the business’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 transaction, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Avery Dennison Trading Up 0.5%

Shares of NYSE AVY traded up $0.84 during midday trading on Wednesday, hitting $172.36. The company’s stock had a trading volume of 1,046,575 shares, compared to its average volume of 745,783. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $171.00 and its two-hundred day moving average is $167.94. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The firm has a market cap of $13.06 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.07 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $2.42 EPS. Avery Dennison’s quarterly revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, equities research analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on AVY. UBS Group upped their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Finally, Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Seven 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, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.22.

Hedge Funds Weigh In On Avery Dennison

Institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont bought a new position in Avery Dennison during the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC raised its holdings in shares of Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 171 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of Avery Dennison in the 4th quarter worth approximately $37,000. Finally, Roxbury Financial LLC bought a new position in shares of Avery Dennison during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.

The company’s offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.