Avery Dennison Corporation $AVY Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,110,859 shares of the industrial products company’s stock after selling 6,010 shares during the quarter. Geode Capital Management LLC’s holdings in Avery Dennison were worth $382,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVY. Empowered Funds LLC grew its stake in Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock worth $2,409,000 after purchasing an additional 819 shares in the last quarter. Focus Partners Wealth grew its stake in Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 278 shares in the last quarter. Intech Investment Management LLC acquired a new position in Avery Dennison during the 1st quarter worth $1,209,000. EverSource Wealth Advisors LLC grew its stake in Avery Dennison by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 242 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Avery Dennison during the 2nd quarter worth $241,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Up 0.1%

Avery Dennison stock opened at $159.25 on Monday. Avery Dennison Corporation has a fifty-two week low of $152.68 and a fifty-two week high of $199.54. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The company has a market capitalization of $12.18 billion, a P/E ratio of 17.95, a PEG ratio of 2.74 and a beta of 0.82. The stock has a 50-day simple moving average of $165.42 and a 200-day simple moving average of $176.53.

Avery Dennison (NYSE:AVY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the business earned $2.30 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities research analysts expect that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is presently 42.39%.

Wall Street Analysts Forecast Growth

AVY has been the subject of several analyst reports. Truist Financial reissued a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Citigroup lowered their target price on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Raymond James Financial set a $192.00 price target on Avery Dennison in a report on Tuesday, April 21st. Finally, BMO Capital Markets lifted their price target on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $204.11.

Insider Buying and Selling at Avery Dennison

In other news, Director Mitchell R. Butier sold 13,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $171.50, for a total value of $2,229,500.00. Following the completion of the sale, the director directly owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. The trade was a 6.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.