Public Employees Retirement System of Ohio Makes New $3.85 Million Investment in Avery Dennison Corporation $AVY

Public Employees Retirement System of Ohio purchased a new position in Avery Dennison Corporation (NYSE:AVY) in the second quarter, Holdings Channel.com reports. The firm purchased 23,719 shares of the industrial products company’s stock, valued at approximately $3,851,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new stake in Avery Dennison in the second quarter worth approximately $27,000. Elevation Wealth Partners LLC raised its stake in Avery Dennison by 684.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after buying an additional 73 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Avery Dennison in the 3rd quarter worth $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of Avery Dennison in the fourth quarter worth $37,000. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AVY. Argus set a $175.00 price objective on Avery Dennison in a research report on Thursday, June 4th. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Bank of America reissued a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Finally, Truist Financial reduced their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $201.22.

Avery Dennison Stock Down 0.5%

AVY stock opened at $173.49 on Friday. The business’s 50-day moving average price is $169.93 and its 200-day moving average price is $169.28. The stock has a market cap of $13.15 billion, a P/E ratio of 19.00, a PEG ratio of 2.11 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 Corporation has a twelve month low of $152.42 and a twelve month high of $199.54.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $2.42 EPS. The firm’s quarterly revenue 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, equities research analysts forecast that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.

Insider Buying and Selling at Avery Dennison

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

Avery Dennison 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.