Aberdeen Group plc Sells 3,274 Shares of Avery Dennison Corporation $AVY

Aberdeen Group plc trimmed its stake in Avery Dennison Corporation (NYSE:AVY) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,967 shares of the industrial products company’s stock after selling 3,274 shares during the period. Aberdeen Group plc owned 0.07% of Avery Dennison worth $9,816,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Portside Wealth Group LLC lifted its position in shares of Avery Dennison by 4.7% in the 3rd quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 60 shares during the period. Capital Investment Advisors LLC lifted its holdings in Avery Dennison by 3.4% in the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $334,000 after buying an additional 61 shares during the period. Resources Management Corp CT ADV lifted its holdings in Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after buying an additional 62 shares during the period. Mather Group LLC. lifted its holdings in Avery Dennison by 3.6% in the fourth quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock worth $338,000 after buying an additional 64 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Avery Dennison by 0.3% in the third quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock worth $3,754,000 after buying an additional 71 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mitchell R. Butier sold 13,000 shares of the stock in a transaction that occurred 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 $33,982,210.50. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ignacio J. Walker sold 1,156 shares of Avery Dennison stock in a transaction on Friday, February 6th. The stock was 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 directly owned 7,588 shares of the company’s stock, valued at approximately $1,464,104.60. The trade was a 13.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,156 shares of company stock worth $5,930,150. Corporate insiders own 0.81% of the company’s stock.

Avery Dennison Stock Down 1.1%

Shares of NYSE:AVY opened at $167.49 on Wednesday. The stock has a fifty day simple moving average of $181.85 and a two-hundred day simple moving average of $177.28. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.64 and a beta of 1.00. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The company 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%. Avery Dennison’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.94 per share. The ex-dividend date was Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio is presently 42.82%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. JPMorgan Chase & Co. lifted their price target on Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. BMO Capital Markets lifted their price target on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Truist Financial upped their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.75.

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.