Envestnet Asset Management Inc. Increases Position in Avery Dennison Corporation $AVY

Envestnet Asset Management Inc. grew its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 23.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 649,318 shares of the industrial products company’s stock after purchasing an additional 121,798 shares during the period. Envestnet Asset Management Inc.’s holdings in Avery Dennison were worth $105,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVY. DNB Asset Management AS boosted its position in shares of Avery Dennison by 4.3% in the 2nd quarter. DNB Asset Management AS now owns 16,398 shares of the industrial products company’s stock valued at $2,877,000 after purchasing an additional 676 shares during the period. Assenagon Asset Management S.A. lifted its position in Avery Dennison by 567.6% in the third quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock valued at $24,168,000 after purchasing an additional 126,704 shares during the period. WCM Investment Management LLC acquired a new stake in Avery Dennison in the third quarter valued at $2,785,000. Assetmark Inc. boosted its stake in shares of Avery Dennison by 1,018.3% during the 2nd quarter. Assetmark Inc. now owns 1,588 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 1,446 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Avery Dennison in the 2nd quarter worth about $1,180,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVY. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Truist Financial raised their price target on Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. BMO Capital Markets upped their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Finally, Citigroup upped their price target on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.55.

Avery Dennison Trading Down 0.6%

NYSE:AVY opened at $191.65 on Friday. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $196.00. The business’s 50-day moving average is $183.42 and its two-hundred day moving average is $174.41. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 0.89. The firm has a market capitalization of $14.81 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company earned $2.38 earnings per share. Avery Dennison’s revenue for the quarter was up 3.9% on a year-over-year basis. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s dividend payout ratio is presently 42.78%.

Avery Dennison 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.