Brant Point Investment Management LLC Buys Shares of 15,000 Avery Dennison Corporation $AVY

Brant Point Investment Management LLC bought a new stake in Avery Dennison Corporation (NYSE:AVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the industrial products company’s stock, valued at approximately $2,728,000.

Several other hedge funds have also recently added to or reduced their stakes in AVY. Norges Bank acquired a new position in Avery Dennison in the fourth quarter valued at about $188,438,000. Morgan Stanley lifted its stake in Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after buying an additional 647,795 shares during the period. Wellington Management Group LLP lifted its stake 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 buying an additional 644,664 shares during the period. Cooke & Bieler LP acquired a new position in Avery Dennison in the fourth quarter valued at about $105,616,000. Finally, Balyasny Asset Management L.P. acquired a new position in Avery Dennison in the third quarter valued at about $74,942,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Up 0.3%

NYSE AVY opened at $159.23 on Friday. The firm has a market cap of $12.18 billion, a P/E ratio of 17.95, a P/E/G ratio of 2.74 and a beta of 0.82. 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’s 50-day moving average is $163.18 and its 200-day moving average is $175.46. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54.

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

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, June 3rd. 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 dividend yield of 2.5%. Avery Dennison’s dividend payout ratio is 45.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AVY shares. Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target on the stock. Argus set a $175.00 price target on Avery Dennison in a research report on Thursday, June 4th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, UBS Group dropped their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $201.33.

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.