Avery Dennison Corporation $AVY Holdings Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in shares of Avery Dennison Corporation (NYSE:AVY) by 220.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,080 shares of the industrial products company’s stock after buying an additional 38,598 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Avery Dennison were worth $9,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVY. BlackRock Inc. bought a new stake in shares of Avery Dennison in the second quarter valued at about $1,052,464,000. Wellington Management Group LLP increased its position in Avery Dennison by 9.1% during the second quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company’s stock worth $939,760,000 after acquiring an additional 482,054 shares during the period. Ninety One UK Ltd bought a new position in Avery Dennison during the third quarter worth about $341,344,000. Robeco Institutional Asset Management B.V. increased its position in Avery Dennison by 2,376.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 984,976 shares of the industrial products company’s stock worth $168,106,000 after acquiring an additional 945,195 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Avery Dennison by 1.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company’s stock worth $155,350,000 after purchasing an additional 17,769 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Citigroup increased their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Bank of America restated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Finally, Truist Financial decreased their price target on Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $199.10.

Avery Dennison Stock Up 3.0%

Shares of AVY opened at $184.34 on Friday. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54. The company has a market cap of $13.97 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.15 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. The firm has a 50 day simple moving average of $173.88 and a two-hundred day simple moving average of $167.37.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.42. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Research analysts forecast that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Nicholas Colisto sold 3,886 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total value of $663,262.48. Following the sale, the senior vice president directly owned 7,126 shares of the company’s stock, valued at $1,216,265.68. This trade represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is currently owned by insiders.

Avery Dennison Company 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.