JPMorgan Chase & Co. Sells 91,895 Shares of Avery Dennison Corporation $AVY

JPMorgan Chase & Co. lessened its position in shares of Avery Dennison Corporation (NYSE:AVY) by 18.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 402,539 shares of the industrial products company’s stock after selling 91,895 shares during the quarter. JPMorgan Chase & Co.’s holdings in Avery Dennison were worth $65,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVY. Steigerwald Gordon & Koch Inc. acquired a new position in Avery Dennison during the 3rd quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of 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 buying an additional 80 shares during the last quarter. NewSquare Capital LLC lifted its holdings in Avery Dennison by 156.2% in the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after buying an additional 114 shares during the period. Atlantic Union Bankshares Corp bought a new position in Avery Dennison in the second quarter valued at approximately $35,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Avery Dennison during the 2nd quarter worth $37,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of AVY opened at $197.46 on Wednesday. The firm has a market cap of $15.26 billion, a P/E ratio of 22.49, a PEG ratio of 3.51 and a beta of 1.00. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $199.54. 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 firm’s 50 day moving average price is $187.50 and its two-hundred day moving average price is $176.38.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend 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 currently 42.82%.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,156 shares of Avery Dennison stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the sale, the senior vice president owned 7,588 shares of the company’s stock, valued at approximately $1,464,104.60. This trade represents a 13.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AVY shares. JPMorgan Chase & Co. increased their price target on Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. BMO Capital Markets boosted their target price on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Citigroup upped their price target on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Truist Financial increased their price target on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.45.

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.