Wellington Management Group LLP Has $939.76 Million Stock Holdings in Avery Dennison Corporation $AVY

Wellington Management Group LLP grew its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,788,479 shares of the industrial products company’s stock after purchasing an additional 482,054 shares during the period. Wellington Management Group LLP owned approximately 7.64% of Avery Dennison worth $939,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Avery Dennison in the second quarter valued at approximately $1,052,464,000. Morgan Stanley lifted its holdings in shares of Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after purchasing an additional 647,795 shares in the last quarter. State Street Corp increased its stake in Avery Dennison by 0.9% during 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 in the last quarter. Invesco Ltd. raised 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. Finally, Price T Rowe Associates Inc. MD raised its holdings in Avery Dennison by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,322,221 shares of the industrial products company’s stock worth $240,487,000 after buying an additional 74,063 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Bank of America reissued a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Argus set a $175.00 target price on Avery Dennison in a report on Thursday, June 4th. Finally, Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus price target of $201.22.

Insider Activity at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company’s stock.

Avery Dennison Stock Performance

AVY stock opened at $177.71 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a market cap of $13.47 billion, a PE ratio of 19.46, a P/E/G ratio of 2.27 and a beta of 0.81. The business has a 50 day moving average of $168.88 and a 200-day moving average of $169.98. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54.

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

Avery Dennison Dividend Announcement

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 paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s payout ratio is presently 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.