Johnson Investment Counsel Inc. Purchases 36,698 Shares of Avery Dennison Corporation $AVY

Johnson Investment Counsel Inc. lifted its position in Avery Dennison Corporation (NYSE:AVY) by 11.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 351,635 shares of the industrial products company’s stock after acquiring an additional 36,698 shares during the period. Johnson Investment Counsel Inc.’s holdings in Avery Dennison were worth $57,025,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AVY. Lowe Brockenbrough & Co. Inc. bought a new stake in Avery Dennison in the third quarter worth about $232,000. Portside Wealth Group LLC raised its holdings in shares of Avery Dennison by 4.7% in the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock worth $217,000 after buying an additional 60 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Avery Dennison by 8.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 169,569 shares of the industrial products company’s stock worth $27,499,000 after acquiring an additional 12,927 shares during the last quarter. Optimize Financial Inc purchased a new position in Avery Dennison during the 3rd quarter valued at $287,000. Finally, Envestnet Asset Management Inc. increased its stake in Avery Dennison by 23.1% in the third quarter. Envestnet Asset Management Inc. now owns 649,318 shares of the industrial products company’s stock worth $105,300,000 after purchasing an additional 121,798 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Argus set a $200.00 target price on shares of Avery Dennison in a research note on Tuesday, October 28th. Truist Financial boosted their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. UBS Group boosted their price target on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup raised their price objective on Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $189.69 on Tuesday. The firm has a 50 day moving average of $183.76 and a 200 day moving average of $174.45. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 3.36 and a beta of 1.00. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $196.00.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results 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. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, sell-side analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, March 4th. Avery Dennison’s dividend payout ratio (DPR) is currently 42.82%.

Insider Activity

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 shares were sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares in the company, valued at $1,464,104.60. The trade was a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by insiders.

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.