Entropy Technologies LP Purchases 22,007 Shares of Avery Dennison Corporation $AVY

Entropy Technologies LP lifted its position in Avery Dennison Corporation (NYSE:AVY) by 791.6% in the third quarter, HoldingsChannel.com reports. The firm owned 24,787 shares of the industrial products company’s stock after acquiring an additional 22,007 shares during the period. Entropy Technologies LP’s holdings in Avery Dennison were worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AVY. Norges Bank acquired a new position in shares of Avery Dennison in the 2nd quarter valued at $174,425,000. Vanguard Group Inc. lifted its holdings in shares of 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 worth $1,683,185,000 after acquiring an additional 361,231 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Avery Dennison during the 3rd quarter valued at about $51,443,000. Massachusetts Financial Services Co. MA increased its stake in Avery Dennison by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock valued at $164,865,000 after acquiring an additional 129,189 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Avery Dennison by 567.6% in the third quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock valued at $24,168,000 after acquiring an additional 126,704 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Price Performance

NYSE:AVY opened at $170.92 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The firm has a market cap of $13.14 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 3.12 and a beta of 0.97. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54. The company’s 50-day moving average price is $188.08 and its two-hundred day moving average price is $177.12.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. The company had revenue of $2.27 billion during 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 quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, equities analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Avery Dennison’s payout ratio is currently 42.82%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup raised their price target on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. BMO Capital Markets raised their target price on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Truist Financial boosted their price target on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, UBS Group upped their price target on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.45.

Insider Activity at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,156 shares of the 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 sale, the senior vice president owned 7,588 shares in the company, valued at approximately $1,464,104.60. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

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.