Bahl & Gaynor Inc. Sells 48,848 Shares of Avery Dennison Corporation $AVY

Bahl & Gaynor Inc. cut its position in shares of Avery Dennison Corporation (NYSE:AVY) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,808 shares of the industrial products company’s stock after selling 48,848 shares during the period. Bahl & Gaynor Inc. owned approximately 0.47% of Avery Dennison worth $59,323,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Avery Dennison in the second quarter valued at $174,425,000. Vanguard Group Inc. grew its stake in shares of Avery Dennison by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after buying an additional 361,231 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Avery Dennison by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock worth $164,865,000 after buying an additional 129,189 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Avery Dennison by 567.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock valued at $24,168,000 after buying an additional 126,704 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Avery Dennison by 23.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 649,318 shares of the industrial products company’s stock valued at $105,300,000 after acquiring an additional 121,798 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AVY shares. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. UBS Group increased their price target on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. 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 note on Friday, February 6th. Finally, Truist Financial raised their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison has an average rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Stock Up 1.7%

NYSE:AVY opened at $196.15 on Monday. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve 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. The stock has a fifty day simple moving average of $188.17 and a 200-day simple moving average of $176.78.

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, topping the consensus estimate of $2.40 by $0.05. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

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

Insider Transactions at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by company insiders.

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.