Avery Dennison Corporation $AVY Position Cut by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 271,459 shares of the industrial products company’s stock after selling 4,480 shares during the quarter. Avery Dennison accounts for about 1.4% of Anchor Capital Advisors LLC’s holdings, making the stock its 21st biggest holding. Anchor Capital Advisors LLC’s holdings in Avery Dennison were worth $49,373,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AVY. Norges Bank bought a new stake in Avery Dennison during the 4th quarter valued at $188,438,000. Wellington Management Group LLP increased its position in shares of Avery Dennison by 12.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after purchasing an additional 644,664 shares during the period. Cooke & Bieler LP bought a new stake in shares of Avery Dennison in the 4th quarter worth $105,616,000. Balyasny Asset Management L.P. acquired a new stake in shares of Avery Dennison in the third quarter valued at $74,942,000. Finally, Ameriprise Financial Inc. boosted its stake in Avery Dennison by 30.9% during the third 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 in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Up 1.1%

NYSE:AVY opened at $157.13 on Wednesday. The company has a market capitalization of $12.02 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.67 and a beta of 0.82. The stock’s 50 day moving average price is $165.27 and its 200 day moving average price is $176.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. Avery Dennison Corporation has a 52 week low of $152.68 and a 52 week high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping 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 firm 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 posted $2.30 earnings per share. Avery Dennison’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, research analysts forecast that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

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

Wall Street Analysts Forecast Growth

AVY has been the topic of several recent research reports. 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 note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target on the stock. UBS Group reduced their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. BMO Capital Markets lifted their target price on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.11.

Insider Activity at Avery Dennison

In other news, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 211,147 shares in the company, valued at $36,714,240.36. The trade was a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by company insiders.

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.