Avery Dennison Corporation $AVY Shares Newly Acquired by Ninety One North America Inc.

Ninety One North America Inc. acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 148,455 shares of the industrial products company’s stock, valued at approximately $25,337,000. Avery Dennison makes up 1.3% of Ninety One North America Inc.’s investment portfolio, making the stock its 28th biggest position. Ninety One North America Inc. owned 0.20% of Avery Dennison as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Empirical Finance LLC increased its stake in Avery Dennison by 3.2% in the 2nd quarter. Empirical Finance LLC now owns 2,935 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 90 shares during the last quarter. Lido Advisors LLC boosted its position in shares of Avery Dennison by 6.7% during the 1st quarter. Lido Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 92 shares during the last quarter. Eastern Bank boosted its position in shares of Avery Dennison by 10.0% during the 2nd quarter. Eastern Bank now owns 1,045 shares of the industrial products company’s stock valued at $170,000 after acquiring an additional 95 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Avery Dennison by 54.6% in the third quarter. Elevation Wealth Partners LLC now owns 303 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 107 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of Avery Dennison by 7.5% in the first quarter. Apollon Wealth Management LLC now owns 1,741 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 121 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Trading Up 2.1%

Shares of Avery Dennison stock traded up $3.63 on Thursday, reaching $175.47. The company had a trading volume of 171,783 shares, compared to its average volume of 744,740. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 2.05 and a beta of 0.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The firm’s 50-day moving average price is $173.88 and its two-hundred day moving average price is $167.06. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54.

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

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Analyst Ratings Changes

Several equities analysts have commented on AVY shares. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Jefferies Financial Group restated a “hold” rating and issued a $181.00 target price on shares of Avery Dennison in a report on Monday, September 28th. Truist Financial decreased their target price on shares of Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday. Finally, UBS Group increased their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average target price of $199.10.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president directly 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 SEC, which is accessible through the SEC website. Also, SVP Nicholas Colisto sold 3,886 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the transaction, the senior vice president directly owned 7,126 shares in the company, valued at $1,216,265.68. This represents a 35.29% decrease in their position. The SEC filing for this sale provides additional information. 0.81% of the stock is currently owned by company insiders.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.