Wealthfront Advisers LLC Takes Position in Avery Dennison Corporation $AVY

Wealthfront Advisers LLC acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,962 shares of the industrial products company’s stock, valued at approximately $481,000.

Several other institutional investors have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Avery Dennison by 8.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock worth $30,857,000 after purchasing an additional 13,494 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Avery Dennison by 59.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company’s stock worth $12,221,000 after purchasing an additional 24,953 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Avery Dennison during the 4th quarter valued at about $2,546,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Avery Dennison by 184.0% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,200 shares of the industrial products company’s stock valued at $2,583,000 after purchasing an additional 9,200 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Avery Dennison during the 4th quarter valued at $4,319,000. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AVY shares. UBS Group increased their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Bank of America reissued a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Truist Financial lowered their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Seven 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.22.

Insider Transactions at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the sale, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

Avery Dennison Stock Performance

Shares of AVY stock opened at $183.79 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The company has a market cap of $13.93 billion, a PE ratio of 20.13, a PEG ratio of 2.99 and a beta of 0.81. The business’s fifty day simple moving average is $166.80 and its 200-day simple moving average is $170.32. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is currently 43.81%.

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.