Thrivent Financial for Lutherans Purchases 7,040 Shares of Avery Dennison Corporation $AVY

Thrivent Financial for Lutherans lifted its position in Avery Dennison Corporation (NYSE:AVY) by 83.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,509 shares of the industrial products company’s stock after acquiring an additional 7,040 shares during the period. Thrivent Financial for Lutherans’ holdings in Avery Dennison were worth $2,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Portside Wealth Group LLC lifted its stake in shares of 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 worth $217,000 after buying an additional 60 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Avery Dennison by 3.4% in the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $334,000 after buying an additional 61 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in shares of Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after buying an additional 62 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Avery Dennison by 3.6% in the fourth quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock worth $338,000 after buying an additional 64 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Avery Dennison by 0.3% in the third quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock worth $3,754,000 after buying an additional 71 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling

In other Avery Dennison news, Director Mitchell R. Butier sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the completion of the sale, the director directly owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. This represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. UBS Group lowered their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. Citigroup lowered their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Truist Financial restated a “buy” rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $204.11.

Avery Dennison Stock Down 0.0%

Shares of Avery Dennison stock opened at $159.62 on Monday. Avery Dennison Corporation has a twelve month low of $152.68 and a twelve month high of $199.54. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $166.39 and its 200 day moving average is $177.01.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $2.30 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Research analysts anticipate that Avery Dennison Corporation will post 10.05 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is currently 42.39%.

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.