Avery Dennison Corporation $AVY Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. lifted its position in Avery Dennison Corporation (NYSE:AVY) by 6,746.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,450 shares of the industrial products company’s stock after purchasing an additional 41,830 shares during the quarter. Sit Investment Associates Inc. owned about 0.05% of Avery Dennison worth $7,721,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AVY. Bartlett & CO. Wealth Management LLC grew its stake in shares of Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after buying an additional 169 shares during the period. Root Financial Partners LLC lifted its holdings in Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Avery Dennison in the third quarter worth approximately $36,000. Godfrey Financial Associates Inc. acquired a new stake in Avery Dennison during the fourth quarter worth $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Avery Dennison in the second quarter valued at $37,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

AVY opened at $158.60 on Friday. The stock’s 50-day moving average price is $162.38 and its 200 day moving average price is $175.17. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.74 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38.

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

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is currently 45.10%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AVY. Weiss Ratings cut Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Citigroup reduced their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price for the company. Argus set a $175.00 price target on shares of Avery Dennison in a research report on Thursday, June 4th. Finally, Truist Financial restated a “buy” rating and issued a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average price target 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.