Avery Dennison Corporation $AVY Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its stake in Avery Dennison Corporation (NYSE:AVY) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,459 shares of the industrial products company’s stock after selling 4,480 shares during the period. Avery Dennison accounts for about 1.4% of Anchor Capital Advisors LLC’s holdings, making the stock its 21st biggest position. Anchor Capital Advisors LLC owned approximately 0.35% of Avery Dennison worth $49,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Avery Dennison by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock worth $1,900,428,000 after acquiring an additional 69,662 shares during the period. Wellington Management Group LLP lifted its position in Avery Dennison by 12.5% in the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after purchasing an additional 644,664 shares during the period. State Street Corp boosted its holdings in Avery Dennison by 0.6% in the 3rd quarter. State Street Corp now owns 3,667,474 shares of the industrial products company’s stock valued at $594,754,000 after purchasing an additional 20,860 shares in the last quarter. Ameriprise Financial Inc. increased its position in Avery Dennison by 30.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after purchasing an additional 435,156 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Avery Dennison by 4.9% in the third quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock valued at $269,180,000 after buying an additional 77,272 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

AVY opened at $157.13 on Wednesday. Avery Dennison Corporation has a 1 year low of $152.68 and a 1 year high of $199.54. The company’s 50 day simple moving average is $165.27 and its 200 day simple moving average is $176.40. The stock has a market capitalization of $12.02 billion, a PE ratio of 17.71, a P/E/G ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15.

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

Avery Dennison Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on AVY. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a report on Friday, March 27th. Truist Financial reiterated a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. BMO Capital Markets upped 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. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Citigroup dropped their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.11.

Insider Transactions at Avery Dennison

In related news, Director Mitchell R. Butier sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total value of $2,229,500.00. Following the transaction, the director owned 198,147 shares in the company, valued at approximately $33,982,210.50. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.