Figure 8 Investment Strategies LLC Invests $1.18 Million in Avery Dennison Corporation $AVY

Figure 8 Investment Strategies LLC bought a new stake in Avery Dennison Corporation (NYSE:AVY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,242 shares of the industrial products company’s stock, valued at approximately $1,176,000.

Several other institutional investors and hedge funds have also modified their holdings of AVY. Empowered Funds LLC boosted its holdings in Avery Dennison by 6.4% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares during the period. Focus Partners Wealth increased its holdings in shares of Avery Dennison by 7.6% during the first 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 during the period. Intech Investment Management LLC acquired a new stake in shares of Avery Dennison in the first quarter valued at approximately $1,209,000. EverSource Wealth Advisors LLC raised its position in shares of Avery Dennison by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after buying an additional 242 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Avery Dennison in the second quarter valued at approximately $241,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the sale, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Argus set a $175.00 price objective on Avery Dennison in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their target price on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus price target of $201.22.

Avery Dennison Price Performance

Avery Dennison stock opened at $177.60 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The stock has a market capitalization of $13.46 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.93 and a beta of 0.81. The stock has a fifty day moving average of $165.30 and a 200-day moving average of $170.26.

Avery Dennison (NYSE:AVY) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Avery Dennison’s dividend payout ratio (DPR) is currently 43.81%.

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.