Ameriprise Financial Inc. Purchases 435,156 Shares of Avery Dennison Corporation $AVY

Ameriprise Financial Inc. grew its position in shares of Avery Dennison Corporation (NYSE:AVY) by 30.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,841,191 shares of the industrial products company’s stock after acquiring an additional 435,156 shares during the period. Ameriprise Financial Inc. owned about 2.38% of Avery Dennison worth $298,613,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Avery Dennison by 3.6% in 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 in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Avery Dennison by 12.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after buying an additional 644,664 shares in the last quarter. State Street Corp grew its position in shares of Avery Dennison by 0.6% in the 2nd quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock worth $639,871,000 after buying an additional 23,309 shares during the period. Invesco Ltd. grew its position in shares of Avery Dennison by 4.9% in the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock worth $269,180,000 after buying an additional 77,272 shares during the period. Finally, Norges Bank bought a new position in shares of Avery Dennison in the 2nd quarter worth about $174,425,000. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 0.7%

Shares of NYSE AVY opened at $171.99 on Tuesday. The firm’s 50 day moving average price is $187.67 and its 200-day moving average price is $177.15. The company has a market cap of $13.23 billion, a PE ratio of 19.59, a P/E/G ratio of 3.05 and a beta of 0.97. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $199.54. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.76 and a current ratio of 1.13.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 earnings per share. 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 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a $0.94 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison’s payout ratio is currently 42.82%.

Insider Buying and Selling at Avery Dennison

In other news, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 211,147 shares of the company’s stock, valued at $36,714,240.36. This represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ignacio J. Walker sold 1,156 shares of the 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 sale, the senior vice president directly owned 7,588 shares in the company, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,156 shares of company stock valued at $5,930,150 in the last 90 days. Company insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

AVY has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. BMO Capital Markets lifted 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. UBS Group upped their price target on Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Truist Financial raised their price objective on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average target price of $208.45.

About Avery Dennison

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.