Avery Dennison Corporation $AVY Stock: TD Waterhouse Canada Inc. Increases Position

TD Waterhouse Canada Inc. raised its stake in Avery Dennison Corporation (NYSE:AVY) by 20,944.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,724 shares of the industrial products company’s stock after purchasing an additional 34,559 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Avery Dennison were worth $5,926,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Trust Co. of Vermont acquired a new stake in shares of Avery Dennison during the second quarter worth $27,000. Activest Wealth Management purchased a new position in Avery Dennison in the 3rd quarter valued at $27,000. Elevation Wealth Partners LLC grew its position in Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares during the last quarter. Roxbury Financial LLC acquired a new position in Avery Dennison in the 2nd quarter valued at $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Avery Dennison in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AVY. UBS Group upped their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Citigroup boosted their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $181.00 price target on shares of Avery Dennison in a report on Monday, September 28th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.10.

Avery Dennison Stock Up 0.3%

Avery Dennison stock opened at $175.79 on Tuesday. The stock’s 50 day moving average price is $173.84 and its 200 day moving average price is $167.19. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The company has a market cap of $13.32 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.11 and a beta of 0.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the business posted $2.42 earnings per share. Avery Dennison’s 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, sell-side analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is currently 43.81%.

Insider Transactions at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,886 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total transaction of $663,262.48. Following the sale, the senior vice president 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 filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ignacio J. Walker sold 1,742 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.81% of the company’s stock.

Avery Dennison 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.