Avery Dennison Corporation $AVY Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,137 shares of the industrial products company’s stock after buying an additional 13,494 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Avery Dennison were worth $30,857,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Portside Wealth Group LLC increased its stake in Avery Dennison by 4.7% during the 3rd quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock valued at $217,000 after buying an additional 60 shares during the period. Capital Investment Advisors LLC grew its stake in shares of Avery Dennison by 3.4% in the 4th quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 61 shares during the last quarter. Resources Management Corp CT ADV grew its stake in shares of Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 62 shares during the last quarter. Mather Group LLC. grew its stake in shares of Avery Dennison by 3.6% in the 4th quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 64 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Avery Dennison by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock worth $3,754,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity at Avery Dennison

In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total value 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. This trade represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AVY shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Truist Financial reaffirmed a “buy” rating and issued a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Raymond James Financial set a $192.00 price objective on shares of Avery Dennison in a research note on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.11.

Avery Dennison Stock Performance

Shares of AVY opened at $163.45 on Friday. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $199.54. The company has a 50-day moving average of $172.33 and a two-hundred day moving average of $178.31. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.81 and a beta of 0.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the company posted $2.30 earnings per share. The business’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, equities research analysts expect that Avery Dennison Corporation will post 10.06 earnings per share for the current year.

Avery Dennison Increases Dividend

The company 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 $1.00 dividend. The ex-dividend date is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Avery Dennison’s dividend payout ratio is 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.