Avery Dennison Corporation $AVY Shares Newly Purchased by Vest Financial LLC

Vest Financial LLC acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 39,170 shares of the industrial products company’s stock, valued at approximately $6,685,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVY. BlackRock Inc. bought a new position in Avery Dennison in the 2nd quarter valued at about $1,052,464,000. Ninety One UK Ltd bought a new stake in Avery Dennison during the 3rd quarter worth approximately $341,344,000. Robeco Institutional Asset Management B.V. increased its holdings in Avery Dennison by 2,376.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 984,976 shares of the industrial products company’s stock worth $168,106,000 after purchasing an additional 945,195 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Avery Dennison in the second quarter worth approximately $142,169,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Avery Dennison in the second quarter worth approximately $118,728,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

AVY has been the topic of a number of recent research reports. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group upped their price target on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group reissued a “hold” rating and issued a $181.00 price target on shares of Avery Dennison in a research report on Monday, September 28th. Truist Financial cut their price objective on shares of Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, Citigroup lifted their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.10.

Avery Dennison Trading Up 3.0%

NYSE:AVY opened at $184.34 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The firm has a 50-day moving average price of $173.88 and a two-hundred day moving average price of $167.37.

Avery Dennison (NYSE:AVY) last posted 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 net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the firm earned $2.42 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, equities analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the sale, the senior vice president directly owned 7,126 shares in the company, valued at approximately $1,216,265.68. This trade represents a 35.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ignacio Walker sold 1,742 shares of the business’s stock in a transaction 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.81% of the company’s stock.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.