Munich Reinsurance Co Stock Corp in Munich Buys Shares of 317,218 Avery Dennison Corporation $AVY

Munich Reinsurance Co Stock Corp in Munich purchased a new position in Avery Dennison Corporation (NYSE:AVY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 317,218 shares of the industrial products company’s stock, valued at approximately $51,443,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Empowered Funds LLC increased its stake in Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after buying an additional 819 shares during the period. Focus Partners Wealth boosted its holdings in shares of Avery Dennison by 7.6% in the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after acquiring an additional 278 shares in the last quarter. Intech Investment Management LLC bought a new stake in Avery Dennison during the first quarter worth approximately $1,209,000. Assetmark Inc. lifted its position in Avery Dennison by 1,018.3% in the second quarter. Assetmark Inc. now owns 1,588 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 1,446 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Avery Dennison by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 768,509 shares of the industrial products company’s stock worth $134,850,000 after purchasing an additional 19,720 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $179.80 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.76 and a current ratio of 1.13. The company has a market capitalization of $13.82 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The stock has a fifty day moving average of $188.74 and a 200-day moving average of $177.18. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $199.54.

Avery Dennison (NYSE:AVY) last announced its 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. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the firm earned $2.38 earnings per share. Avery Dennison’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. As a group, equities analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AVY. 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. Truist Financial upped their price objective on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Citigroup lifted 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. BMO Capital Markets boosted their price target on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, UBS Group upped 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. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $208.45.

Insider Buying and Selling

In other Avery Dennison 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 transaction 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. This represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

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.