Expect Equity LLC Purchases New Holdings in Avery Dennison Corporation $AVY

Expect Equity LLC acquired a new position in Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,650 shares of the industrial products company’s stock, valued at approximately $2,054,000.

Several other large investors have also recently bought and sold shares of the company. Palisade Capital Management LP bought a new position in Avery Dennison in the 2nd quarter valued at $1,371,000. Canada Pension Plan Investment Board bought a new stake in shares of Avery Dennison during the second quarter worth $6,283,000. Legal & General Group Plc bought a new stake in shares of Avery Dennison during the second quarter worth $62,786,000. The Manufacturers Life Insurance Company acquired a new position in shares of Avery Dennison during the second quarter valued at $118,728,000. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in Avery Dennison in the second quarter valued at about $114,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Down 1.9%

NYSE AVY opened at $180.12 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a market capitalization of $13.65 billion, a PE ratio of 19.73, a P/E/G ratio of 2.34 and a beta of 0.81. The stock has a 50-day simple moving average of $167.64 and a 200 day simple moving average of $170.09.

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

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is presently 43.81%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of analysts recently commented on AVY shares. Truist Financial lowered their price objective on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Argus set a $175.00 price objective on shares of Avery Dennison in a report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $201.22.

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.