Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in Avery Dennison Corporation $AVY

Northwestern Mutual Wealth Management Co. boosted its position in shares of Avery Dennison Corporation (NYSE:AVY) by 248.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,332 shares of the industrial products company’s stock after buying an additional 9,503 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Avery Dennison were worth $2,425,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AVY. Wellington Management Group LLP increased its stake in Avery Dennison by 12.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after buying an additional 644,664 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Avery Dennison during the 3rd quarter worth approximately $74,942,000. Ameriprise Financial Inc. increased its stake in Avery Dennison by 30.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after buying an additional 435,156 shares in the last quarter. Vanguard Group Inc. increased its stake in Avery Dennison by 3.6% during the 3rd 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. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Avery Dennison during the 3rd quarter worth approximately $51,443,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. UBS Group cut their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Citigroup cut their price objective on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Raymond James Financial set a $192.00 price objective on Avery Dennison in a research note on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. Finally, BMO Capital Markets upped their price target on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $204.11.

Insiders Place Their Bets

In related news, Director Mitchell R. Butier sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the completion of the transaction, the director directly owned 211,147 shares in the company, valued at approximately $36,714,240.36. This represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Avery Dennison Trading Up 0.1%

Shares of Avery Dennison stock opened at $159.86 on Wednesday. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.75 and a beta of 0.84. Avery Dennison Corporation has a fifty-two week low of $152.68 and a fifty-two week high of $199.54. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The stock has a 50 day moving average of $165.95 and a 200 day moving average of $176.80.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts predict that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a $1.00 dividend. The ex-dividend date is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 2.5%. Avery Dennison’s dividend payout ratio (DPR) is currently 42.39%.

Avery Dennison Company 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.