2,962 Shares in Avery Dennison Corporation $AVY Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,962 shares of the industrial products company’s stock, valued at approximately $481,000.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Avery Dennison by 6.4% during the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after acquiring an additional 819 shares during the period. Focus Partners Wealth grew its position in Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 278 shares in the last quarter. Intech Investment Management LLC purchased a new position in Avery Dennison during the 1st quarter worth approximately $1,209,000. EverSource Wealth Advisors LLC raised its stake in Avery Dennison by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 242 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Avery Dennison in the second quarter valued at $241,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVY. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group increased their price objective on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Argus set a $175.00 price objective on Avery Dennison in a research note on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average target price of $201.22.

Insider Activity

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

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $183.79 on Friday. The firm has a market cap of $13.93 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.99 and a beta of 0.81. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $166.80 and a 200 day simple moving average of $170.32.

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

Avery Dennison Dividend Announcement

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