MBL Wealth LLC Makes New Investment in Avery Dennison Corporation $AVY

MBL Wealth LLC acquired a new stake in Avery Dennison Corporation (NYSE:AVY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,117 shares of the industrial products company’s stock, valued at approximately $532,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVY. Brookstone Capital Management lifted its stake in shares of Avery Dennison by 4.7% in the 3rd quarter. Brookstone Capital Management now owns 1,440 shares of the industrial products company’s stock valued at $246,000 after purchasing an additional 65 shares during the period. Empirical Finance LLC increased its holdings in Avery Dennison by 3.2% during the 2nd quarter. Empirical Finance LLC now owns 2,935 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 90 shares in the last quarter. Lido Advisors LLC raised its position in Avery Dennison by 6.7% in the 1st quarter. Lido Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $253,000 after buying an additional 92 shares during the last quarter. Eastern Bank raised its holdings in shares of Avery Dennison by 10.0% in the second quarter. Eastern Bank now owns 1,045 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 95 shares during the last quarter. Finally, Alpine Bank Wealth Management lifted its position in shares of Avery Dennison by 51.6% during the 3rd quarter. Alpine Bank Wealth Management now owns 282 shares of the industrial products company’s stock worth $48,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity

In other Avery Dennison news, SVP Nicholas Colisto sold 3,886 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total value of $663,262.48. Following the sale, the senior vice president directly owned 7,126 shares of the company’s stock, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the sale, the senior vice president directly owned 7,585 shares in the company, valued at $1,301,661.85. This trade represents a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.81% of the stock is owned by company insiders.

Avery Dennison Price Performance

AVY opened at $181.99 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. 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 $13.79 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.79. The stock’s 50 day moving average price is $173.94 and its 200-day moving average price is $167.47.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 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 firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the company posted $2.42 EPS. The company’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 predict that Avery Dennison Corporation will post 10.14 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Avery Dennison’s dividend payout ratio is 43.81%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial lowered their target price on Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group raised their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.10.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.