Mitsubishi UFJ Asset Management Co. Ltd. Makes New $30.43 Million Investment in Avery Dennison Corporation $AVY

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Avery Dennison Corporation (NYSE:AVY) during the second quarter, Holdings Channel.com reports. The fund acquired 187,400 shares of the industrial products company’s stock, valued at approximately $30,425,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Avery Dennison by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock valued at $1,900,428,000 after purchasing an additional 69,662 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of 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 last quarter. Morgan Stanley lifted its position in shares of Avery Dennison by 20.1% during the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after buying an additional 647,795 shares in the last quarter. State Street Corp grew its stake in Avery Dennison by 0.9% in the 4th quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock valued at $673,247,000 after purchasing an additional 34,124 shares during the period. Finally, Invesco Ltd. increased its holdings in Avery Dennison by 4.9% during the third quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock worth $269,180,000 after buying an additional 77,272 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

AVY has been the topic of several recent research reports. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Argus set a $175.00 price target on Avery Dennison in a research note on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $201.22.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the transaction, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Avery Dennison Stock Down 0.3%

Shares of Avery Dennison stock opened at $182.67 on Friday. The company’s fifty day simple moving average is $166.31 and its two-hundred day simple moving average is $170.22. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The company has a market cap of $13.84 billion, a P/E ratio of 20.01, a PEG ratio of 3.00 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. During the same period in the prior year, the firm earned $2.42 earnings per share. Avery Dennison’s 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. Research analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s payout ratio is 43.81%.

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.