OMERS ADMINISTRATION Corp Takes Position in Avery Dennison Corporation $AVY

OMERS ADMINISTRATION Corp bought a new position in Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, Holdings Channel.com reports. The fund bought 20,281 shares of the industrial products company’s stock, valued at approximately $3,293,000.

Several other institutional investors also recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in shares of Avery Dennison during the 2nd quarter valued at approximately $27,000. Root Financial Partners LLC raised its stake 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 valued at $35,000 after purchasing an additional 73 shares in the last quarter. Elevation Wealth Partners LLC lifted 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 valued at $32,000 after purchasing an additional 171 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of Avery Dennison in the 4th quarter worth $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Avery Dennison in the 2nd quarter worth $37,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AVY shares. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Citigroup upped their price objective on Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. UBS Group raised their price objective on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Truist Financial cut their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $201.22.

Avery Dennison Trading Down 1.9%

NYSE AVY opened at $180.12 on Wednesday. The company’s 50-day moving average price is $167.64 and its 200-day moving average price is $170.09. 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 stock has a market cap of $13.65 billion, a PE ratio of 19.73, a PEG ratio of 2.34 and a beta of 0.81. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share 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 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 for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities research analysts forecast that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s payout ratio is presently 43.81%.

Insider Transactions at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

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.