BlackRock Inc. Acquires Shares of 6,482,687 Avery Dennison Corporation $AVY

BlackRock Inc. bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,482,687 shares of the industrial products company’s stock, valued at approximately $1,052,464,000. BlackRock Inc. owned about 0.09% of Avery Dennison as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new stake in Avery Dennison during the fourth quarter worth approximately $188,438,000. Morgan Stanley increased its stake in shares of Avery Dennison by 20.1% during the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after purchasing an additional 647,795 shares during the period. Wellington Management Group LLP lifted its holdings in 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 worth $942,039,000 after purchasing an additional 644,664 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Avery Dennison in the 2nd quarter valued at $101,896,000. Finally, Cooke & Bieler LP acquired a new position in Avery Dennison in the 4th quarter valued at $105,616,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Transactions at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at $1,301,661.85. The trade was a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Citigroup increased their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.22.

Avery Dennison Stock Up 0.6%

Shares of NYSE AVY opened at $183.79 on Friday. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.99 and a beta of 0.81. 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 stock has a 50-day moving average price of $166.80 and a two-hundred day moving average price of $170.32.

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

Avery Dennison Announces Dividend

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