Congress Asset Management Co. Grows Position in Avery Dennison Corporation $AVY

Congress Asset Management Co. increased its holdings in Avery Dennison Corporation (NYSE:AVY) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,622 shares of the industrial products company’s stock after purchasing an additional 12,339 shares during the period. Congress Asset Management Co. owned approximately 0.13% of Avery Dennison worth $17,756,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in Avery Dennison during the second quarter valued at approximately $174,425,000. Wellington Management Group LLP boosted its holdings in shares of Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after purchasing an additional 644,664 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Avery Dennison during the 3rd quarter valued at approximately $74,942,000. Ameriprise Financial Inc. raised its holdings in Avery Dennison by 30.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock valued at $298,613,000 after buying an additional 435,156 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Avery Dennison by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after buying an additional 361,231 shares during the period. Institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Ignacio J. Walker sold 1,156 shares of the company’s stock in a transaction dated 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 directly owned 7,588 shares of the company’s stock, valued at $1,464,104.60. This represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell R. Butier sold 20,000 shares of the stock in a transaction dated 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 owned 211,147 shares in the company, valued at approximately $36,714,240.36. The trade was a 8.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,156 shares of company stock worth $5,930,150 in the last three months. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

AVY has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. BMO Capital Markets lifted their price target on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Finally, Citigroup boosted their target price on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Nine investment 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 has an average rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Trading Up 0.6%

Shares of AVY opened at $165.87 on Wednesday. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 0.76. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $199.54. The company has a 50-day moving average of $185.23 and a 200 day moving average of $176.99.

Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm earned $2.38 EPS. The company’s revenue for the quarter 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. On average, research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, March 4th. Avery Dennison’s dividend 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.