3,784 Shares in Avery Dennison Corporation $AVY Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new stake in Avery Dennison Corporation (NYSE:AVY) during the third quarter, HoldingsChannel.com reports. The firm purchased 3,784 shares of the industrial products company’s stock, valued at approximately $614,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after buying an additional 361,231 shares in the last quarter. State Street Corp boosted its holdings in shares of Avery Dennison by 0.6% in the 2nd quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock worth $639,871,000 after acquiring an additional 23,309 shares in the last quarter. Invesco Ltd. grew its position in Avery Dennison by 2.6% during the 2nd quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock worth $277,697,000 after acquiring an additional 40,803 shares during the last quarter. Norges Bank acquired a new stake in Avery Dennison during the 2nd quarter valued at $174,425,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Avery Dennison by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 967,013 shares of the industrial products company’s stock valued at $156,820,000 after purchasing an additional 27,451 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Transactions at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.95, for a total value of $223,050.20. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AVY. JPMorgan Chase & Co. boosted their price objective on Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. UBS Group raised their target price on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Citigroup upped their price target on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, BMO Capital Markets increased their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Stock Down 2.1%

Shares of AVY opened at $179.80 on Friday. The business’s fifty day moving average price is $188.74 and its two-hundred day moving average price is $177.20. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.21 and a beta of 0.97. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week 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.

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

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. Avery Dennison’s dividend payout ratio is presently 42.82%.

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.