Wealthfront Advisers LLC Sells 4,950 Shares of Avery Dennison Corporation $AVY

Wealthfront Advisers LLC cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 49.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,065 shares of the industrial products company’s stock after selling 4,950 shares during the quarter. Wealthfront Advisers LLC’s holdings in Avery Dennison were worth $821,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AVY. Portside Wealth Group LLC increased its holdings in shares of Avery Dennison by 4.7% in the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 60 shares during the last quarter. Resources Management Corp CT ADV boosted its holdings in shares of Avery Dennison by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after buying an additional 62 shares during the period. Arizona State Retirement System boosted its holdings in shares of Avery Dennison by 0.3% during the 3rd quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock worth $3,754,000 after buying an additional 71 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Avery Dennison by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,547 shares of the industrial products company’s stock valued at $798,000 after buying an additional 79 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Avery Dennison by 89.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

AVY has been the topic of several research reports. BMO Capital Markets upped their target price on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. UBS Group boosted their price target on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Truist Financial increased their price objective on Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Argus set a $200.00 target price on Avery Dennison in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.45.

Avery Dennison Stock Performance

NYSE:AVY opened at $195.76 on Monday. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 3.48 and a beta of 1.00. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $197.54. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.76 and a current ratio of 1.13. The stock has a fifty day moving average price of $185.21 and a 200-day moving average price of $175.03.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the firm earned $2.38 earnings per share. Avery Dennison’s revenue for the quarter was up 3.9% compared to the same quarter last year. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. As a group, equities analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s dividend payout ratio is 42.82%.

Insider Activity

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,156 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the sale, the senior vice president directly owned 7,588 shares in the company, valued at $1,464,104.60. This represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.84% of the company’s stock.

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.