Magnetar Financial LLC Makes New Investment in Avery Dennison Corporation $AVY

Magnetar Financial LLC bought a new stake in Avery Dennison Corporation (NYSE:AVY) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 11,608 shares of the industrial products company’s stock, valued at approximately $1,882,000.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Avery Dennison in the second quarter valued at approximately $174,425,000. Vanguard Group Inc. grew its stake in shares of Avery Dennison by 3.6% in the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after acquiring an additional 361,231 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Avery Dennison in the third quarter valued at approximately $51,443,000. Massachusetts Financial Services Co. MA lifted its holdings in Avery Dennison by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock worth $164,865,000 after buying an additional 129,189 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Avery Dennison by 567.6% during the third quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock worth $24,168,000 after purchasing an additional 126,704 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AVY. BMO Capital Markets increased their price objective on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Citigroup boosted their price objective on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Truist Financial raised their price target on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Finally, UBS Group lifted their price target on shares of Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $208.45.

Insider Buying and Selling at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,156 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the sale, the senior vice president directly owned 7,588 shares of the company’s stock, valued at approximately $1,464,104.60. This represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.

Avery Dennison Stock Performance

NYSE:AVY opened at $170.92 on Friday. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $199.54. The stock has a market cap of $13.14 billion, a P/E ratio of 19.47, a PEG ratio of 3.12 and a beta of 0.97. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 0.76. The firm has a 50-day moving average of $188.08 and a two-hundred day moving average of $177.12.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, research analysts expect 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. Investors of record on Wednesday, March 4th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s payout ratio is currently 42.82%.

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.