Pure Financial Advisors LLC Buys Shares of 4,322 Avery Dennison Corporation $AVY

Pure Financial Advisors LLC purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,322 shares of the industrial products company’s stock, valued at approximately $702,000.

Several other institutional investors and hedge funds have also made changes to their positions in AVY. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Avery Dennison by 8.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock worth $30,857,000 after buying an additional 13,494 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Avery Dennison by 59.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company’s stock worth $12,221,000 after acquiring an additional 24,953 shares during the period. Wolverine Asset Management LLC acquired a new stake in Avery Dennison in the fourth quarter valued at approximately $2,546,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in Avery Dennison by 184.0% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,200 shares of the industrial products company’s stock valued at $2,583,000 after acquiring an additional 9,200 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Avery Dennison during the fourth quarter worth $4,319,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Trading Up 1.4%

Shares of NYSE AVY opened at $182.47 on Thursday. The stock’s 50 day moving average price is $168.10 and its two-hundred day moving average price is $170.01. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The stock has a market capitalization of $13.83 billion, a P/E ratio of 19.99, a PEG ratio of 2.30 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business 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 of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AVY shares. Argus set a $175.00 price objective on shares of Avery Dennison in a research report on Thursday, June 4th. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. UBS Group lifted 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. JPMorgan Chase & Co. upped their target price on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average target price of $201.22.

Avery Dennison Company 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.