Equitable Trust Co. Takes $903,000 Position in Avery Dennison Corporation $AVY

Equitable Trust Co. bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,569 shares of the industrial products company’s stock, valued at approximately $903,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVY. Norges Bank acquired a new position in shares of Avery Dennison during the 2nd quarter worth about $174,425,000. Vanguard Group Inc. lifted its stake in Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after purchasing an additional 361,231 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Avery Dennison by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock valued at $164,865,000 after purchasing an additional 129,189 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Avery Dennison by 567.6% in the third quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock valued at $24,168,000 after purchasing an additional 126,704 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Avery Dennison by 23.1% during the third quarter. Envestnet Asset Management Inc. now owns 649,318 shares of the industrial products company’s stock worth $105,300,000 after purchasing an additional 121,798 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $192.95, for a total value of $223,050.20. Following the completion of the sale, the senior vice president owned 7,588 shares in the company, valued at approximately $1,464,104.60. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Truist Financial boosted their price target on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Argus set a $200.00 price objective on shares of Avery Dennison in a research note on Tuesday, October 28th. Citigroup lifted their target price on Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Stock Performance

NYSE AVY opened at $196.39 on Tuesday. The firm has a market cap of $15.18 billion, a P/E ratio of 22.37, a P/E/G ratio of 3.52 and a beta of 1.00. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $197.54. The business’s 50-day moving average price is $187.21 and its 200 day moving average price is $176.20. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, equities research analysts expect that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s payout ratio is currently 42.82%.

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.