Avery Dennison Corporation $AVY Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its holdings in Avery Dennison Corporation (NYSE:AVY) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,019 shares of the industrial products company’s stock after selling 3,251 shares during the period. Royal London Asset Management Ltd.’s holdings in Avery Dennison were worth $6,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AVY. Mufg Securities Americas Inc. raised its stake in shares of Avery Dennison by 7.7% during the 2nd quarter. Mufg Securities Americas Inc. now owns 2,304 shares of the industrial products company’s stock worth $374,000 after buying an additional 165 shares during the period. Nissay Asset Management Corp Japan increased its holdings in Avery Dennison by 3.1% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 10,202 shares of the industrial products company’s stock worth $1,656,000 after acquiring an additional 308 shares in the last quarter. Hsbc Holdings PLC raised its position in Avery Dennison by 11.8% during the second quarter. Hsbc Holdings PLC now owns 148,984 shares of the industrial products company’s stock worth $24,187,000 after acquiring an additional 15,696 shares during the period. Wellington Management Group LLP lifted its holdings in Avery Dennison by 9.1% during the second quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company’s stock valued at $939,760,000 after purchasing an additional 482,054 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Avery Dennison in the second quarter valued at about $3,227,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AVY. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Bank of America restated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Citigroup boosted their price target on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Argus set a $175.00 target price on shares of Avery Dennison in a report on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.22.

Insider Buying and Selling

In related news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Avery Dennison Stock Down 2.0%

Shares of NYSE:AVY opened at $174.25 on Tuesday. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The stock has a market cap of $13.21 billion, a P/E ratio of 19.09, a PEG ratio of 2.27 and a beta of 0.81. The business has a fifty day moving average of $169.21 and a two-hundred day moving average of $169.72. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

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

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s payout ratio is presently 43.81%.

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.