Victory Capital Management Inc. Sells 1,212,234 Shares of Avery Dennison Corporation $AVY

Victory Capital Management Inc. reduced its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 89.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,522 shares of the industrial products company’s stock after selling 1,212,234 shares during the quarter. Victory Capital Management Inc. owned 0.18% of Avery Dennison worth $22,951,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC raised its position in Avery Dennison by 89.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Avery Dennison during the 3rd quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new position in Avery Dennison in the second quarter valued at approximately $35,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Avery Dennison during the second quarter worth $37,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Avery Dennison during the 2nd quarter worth about $41,000. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Down 1.6%

Shares of AVY opened at $176.75 on Tuesday. The stock has a market capitalization of $13.59 billion, a PE ratio of 20.13, a P/E/G ratio of 3.21 and a beta of 0.97. 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 firm’s 50 day moving average is $188.62 and its 200-day moving average is $177.21. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54.

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

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, March 4th. This represents a $3.76 annualized dividend and a yield of 2.1%. Avery Dennison’s dividend payout ratio is presently 42.82%.

Insider Buying and Selling at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was 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 of the company’s stock, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AVY has been the subject of several research analyst reports. UBS Group boosted their price target on shares of Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Truist Financial boosted their price objective 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. BMO Capital Markets increased 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. JPMorgan Chase & Co. lifted their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Citigroup boosted their target price on Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.