731,310 Shares in Avery Dennison Corporation $AVY Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Avery Dennison Corporation (NYSE:AVY) during the second quarter, HoldingsChannel reports. The institutional investor purchased 731,310 shares of the industrial products company’s stock, valued at approximately $118,728,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AVY. Trust Co. of Vermont purchased a new position in shares of Avery Dennison during the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC increased its position in Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 171 shares during the last quarter. Root Financial Partners LLC increased its position in Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Avery Dennison during the third quarter worth approximately $36,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Avery Dennison in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Avery Dennison Stock Performance

Shares of AVY stock opened at $180.12 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The company has a market cap of $13.65 billion, a PE ratio of 19.73, a P/E/G ratio of 2.34 and a beta of 0.81. The company’s fifty day simple moving average is $167.64 and its 200-day simple moving average is $170.09. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, equities research analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders 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 yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is currently 43.81%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Argus set a $175.00 price target on Avery Dennison in a research report on Thursday, June 4th. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Citigroup raised their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Seven 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 presently has a consensus rating of “Moderate Buy” and an average target price of $201.22.

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.