Avery Dennison Corporation $AVY Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama increased its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 87.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,979 shares of the industrial products company’s stock after buying an additional 107,109 shares during the period. Retirement Systems of Alabama’s holdings in Avery Dennison were worth $41,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Avery Dennison by 3.6% in the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after purchasing an additional 361,231 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Avery Dennison by 11.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock worth $57,025,000 after buying an additional 36,698 shares during the last quarter. Fieldview Capital Management LLC raised its stake in shares of Avery Dennison by 412.7% during the 3rd quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock worth $4,259,000 after buying an additional 21,142 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of Avery Dennison in the 3rd quarter worth about $2,785,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Avery Dennison by 567.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock worth $24,168,000 after buying an additional 126,704 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Avery Dennison news, Director Mitchell R. Butier sold 13,000 shares of Avery Dennison stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total value of $2,229,500.00. Following the completion of the sale, the director directly owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. The trade was a 6.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ignacio J. Walker sold 1,156 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $192.95, for a total value of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares of the company’s stock, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,156 shares of company stock worth $5,930,150. 0.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AVY. BMO Capital Markets raised their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Citigroup upped their price target on shares of Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Truist Financial lifted 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. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $208.45.

Avery Dennison Trading Up 2.8%

Avery Dennison stock opened at $172.85 on Wednesday. The stock has a 50-day moving average price of $183.47 and a 200 day moving average price of $177.09. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $199.54. The stock has a market cap of $13.30 billion, a PE ratio of 19.69, a P/E/G ratio of 3.00 and a beta of 0.97. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43.

Avery Dennison (NYSE:AVY) last released its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.05. The company 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 in the prior year, the firm earned $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Equities research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. 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.