Ilmarinen Mutual Pension Insurance Co Buys New Shares in Avery Dennison Corporation $AVY

Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,000 shares of the industrial products company’s stock, valued at approximately $2,364,000.

A number of other large investors also recently modified their holdings of AVY. Empowered Funds LLC lifted its stake 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 worth $2,409,000 after purchasing an additional 819 shares in the last quarter. Focus Partners Wealth raised its position in shares of Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after buying an additional 278 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Avery Dennison during the 1st quarter valued at about $1,209,000. EverSource Wealth Advisors LLC raised its position in Avery Dennison by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 242 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Avery Dennison in the 2nd quarter worth about $241,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Mitchell R. Butier sold 13,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the sale, the director owned 198,147 shares in the company, valued at approximately $33,982,210.50. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

AVY has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and issued a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. BMO Capital Markets increased their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison Trading Down 1.2%

Shares of Avery Dennison stock opened at $159.25 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The firm has a fifty day moving average price of $165.42 and a 200 day moving average price of $176.51. Avery Dennison Corporation has a 1 year low of $152.68 and a 1 year high of $199.54. The stock has a market cap of $12.18 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.77 and a beta of 0.84.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities research analysts predict that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $1.00 per share. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio (DPR) is 42.39%.

Avery Dennison Company 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.