Bridges Investment Management Inc. Invests $1.02 Million in Avery Dennison Corporation $AVY

Bridges Investment Management Inc. bought a new position in Avery Dennison Corporation (NYSE:AVY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,620 shares of the industrial products company’s stock, valued at approximately $1,022,000.

A number of other hedge funds have also recently modified their holdings of AVY. Vanguard Group Inc. raised its holdings in Avery Dennison by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after purchasing an additional 361,231 shares during the period. Johnson Investment Counsel Inc. raised its holdings in shares of Avery Dennison by 11.7% during the third quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock valued at $57,025,000 after acquiring an additional 36,698 shares during the last quarter. Fieldview Capital Management LLC raised its holdings in shares of Avery Dennison by 412.7% during the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock valued at $4,259,000 after acquiring an additional 21,142 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Avery Dennison during the third quarter valued at approximately $2,785,000. Finally, CPC Advisors LLC acquired a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $1,464,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Down 0.5%

Avery Dennison stock opened at $156.20 on Thursday. Avery Dennison Corporation has a 1-year low of $152.68 and a 1-year high of $199.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The stock has a market cap of $11.95 billion, a PE ratio of 17.61, a P/E/G ratio of 2.70 and a beta of 0.82. The stock’s fifty day moving average is $165.01 and its two-hundred day moving average is $176.14.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned $2.30 earnings per share. Avery Dennison’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. On average, sell-side analysts expect that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a $1.00 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, June 3rd. Avery Dennison’s payout ratio is 42.39%.

Insiders Place Their Bets

In other Avery Dennison news, Director Mitchell R. Butier sold 13,000 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 198,147 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AVY. JPMorgan Chase & Co. lowered their price objective on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citigroup lowered 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. Truist Financial restated 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. Raymond James Financial set a $192.00 price target on Avery Dennison in a research report on Tuesday, April 21st. Finally, UBS Group reduced their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.11.

Avery Dennison 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.