Bahl & Gaynor Inc. Sells 48,848 Shares of Avery Dennison Corporation $AVY

Bahl & Gaynor Inc. decreased its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 11.8% during the third quarter, HoldingsChannel reports. The firm owned 365,808 shares of the industrial products company’s stock after selling 48,848 shares during the period. Bahl & Gaynor Inc.’s holdings in Avery Dennison were worth $59,323,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after buying an additional 361,231 shares during the period. State Street Corp increased its holdings in shares of Avery Dennison by 0.6% in the 2nd quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock valued at $639,871,000 after acquiring an additional 23,309 shares during the period. Invesco Ltd. increased its holdings in shares of Avery Dennison by 2.6% in the 2nd quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock valued at $277,697,000 after acquiring an additional 40,803 shares during the period. Norges Bank bought a new position in shares of Avery Dennison in the 2nd quarter worth $174,425,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Avery Dennison by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 967,013 shares of the industrial products company’s stock worth $156,820,000 after purchasing an additional 27,451 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the completion of the transaction, the senior vice president directly owned 7,588 shares in the company, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Avery Dennison Stock Up 1.7%

NYSE:AVY opened at $196.15 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $199.54. The company has a market cap of $15.08 billion, a PE ratio of 22.34, a P/E/G ratio of 3.51 and a beta of 1.00. The company’s 50 day moving average is $188.17 and its two-hundred day moving average is $176.78.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, March 4th. Avery Dennison’s payout ratio is presently 42.82%.

Analyst Ratings Changes

AVY has been the topic of several analyst reports. Truist Financial boosted their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Citigroup boosted their price objective on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, UBS Group lifted their price target on shares of Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.45.

About Avery Dennison

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.