Commonwealth Equity Services LLC Has $4.26 Million Position in Avery Dennison Corporation $AVY

Commonwealth Equity Services LLC reduced its holdings in Avery Dennison Corporation (NYSE:AVY) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,425 shares of the industrial products company’s stock after selling 4,172 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Avery Dennison were worth $4,260,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new position in Avery Dennison in the 4th quarter worth approximately $188,438,000. Wellington Management Group LLP increased its position in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after buying an additional 644,664 shares during the period. Cooke & Bieler LP bought a new position in Avery Dennison in the 4th quarter worth approximately $105,616,000. Balyasny Asset Management L.P. bought a new position in Avery Dennison in the 3rd quarter worth approximately $74,942,000. Finally, Ameriprise Financial Inc. increased its position in Avery Dennison by 30.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after buying an additional 435,156 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the completion of the transaction, the director owned 211,147 shares in the company, valued at $36,714,240.36. This trade represents a 8.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Avery Dennison Trading Up 0.1%

Shares of Avery Dennison stock opened at $155.34 on Monday. The firm has a market capitalization of $11.88 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. 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 company’s fifty day moving average price is $164.45 and its two-hundred day moving average price is $175.90. Avery Dennison Corporation has a 52-week low of $152.55 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $2.30 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts expect that Avery Dennison Corporation will post 10.05 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $1.00 per share. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is 45.10%.

Analysts Set New Price Targets

AVY has been the subject of several research analyst reports. Truist Financial reiterated a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Argus set a $175.00 target price on shares of Avery Dennison in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price for the company. UBS Group reduced their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.33.

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.