Gotham Asset Management LLC Increases Position in Avery Dennison Corporation $AVY

Gotham Asset Management LLC grew its position in Avery Dennison Corporation (NYSE:AVY) by 61.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,090 shares of the industrial products company’s stock after purchasing an additional 81,098 shares during the quarter. Gotham Asset Management LLC owned approximately 0.27% of Avery Dennison worth $34,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Portside Wealth Group LLC raised its stake in Avery Dennison by 4.7% in the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock valued at $217,000 after buying an additional 60 shares in the last quarter. Resources Management Corp CT ADV boosted its position in shares of Avery Dennison by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after acquiring an additional 62 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Avery Dennison by 0.3% during the 3rd quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock worth $3,754,000 after acquiring an additional 71 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avery Dennison by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,547 shares of the industrial products company’s stock valued at $798,000 after acquiring an additional 79 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Avery Dennison by 89.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Citigroup boosted their price objective on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. 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 report on Friday, February 6th. Finally, Truist Financial lifted their price target 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. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Stock Performance

Shares of AVY stock opened at $171.99 on Tuesday. 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 50 day simple moving average of $187.67 and a 200-day simple moving average of $177.15. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 3.05 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.

Avery Dennison (NYSE:AVY) last posted its quarterly 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. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, equities analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

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

Insider Transactions 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 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 owned 7,588 shares in the company, valued at $1,464,104.60. This trade 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 available at this link. Also, Director Mitchell R. Butier sold 20,000 shares of the business’s 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 sale, the director directly owned 211,147 shares in the company, valued at approximately $36,714,240.36. This represents a 8.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,156 shares of company stock valued at $5,930,150 in the last quarter. 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.