Night Squared LP Invests $8.37 Million in Avery Dennison Corporation $AVY

Night Squared LP acquired a new position in Avery Dennison Corporation (NYSE:AVY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,029 shares of the industrial products company’s stock, valued at approximately $8,372,000. Avery Dennison makes up approximately 2.4% of Night Squared LP’s investment portfolio, making the stock its 10th largest holding. Night Squared LP owned about 0.06% of Avery Dennison as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Avery Dennison during the fourth quarter valued at $188,438,000. Morgan Stanley grew its stake in Avery Dennison by 20.1% during the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after acquiring an additional 647,795 shares in the last quarter. Wellington Management Group LLP grew its stake in Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after acquiring an additional 644,664 shares in the last quarter. Cooke & Bieler LP purchased a new position in Avery Dennison during the fourth quarter valued at $105,616,000. Finally, Balyasny Asset Management L.P. purchased a new position in Avery Dennison during the third quarter valued at $74,942,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

AVY stock opened at $162.00 on Wednesday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $162.76 and a two-hundred day simple moving average of $175.36. The firm has a market capitalization of $12.39 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82.

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

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.5%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio (DPR) is 45.10%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AVY shares. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a research note on Tuesday, April 21st. JPMorgan Chase & Co. cut their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. UBS Group cut their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Truist Financial reaffirmed a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $201.33.

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.