Avery Dennison Corporation $AVY Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its position in shares of Avery Dennison Corporation (NYSE:AVY) by 14.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 378,803 shares of the industrial products company’s stock after selling 66,017 shares during the quarter. Legal & General Group Plc’s holdings in Avery Dennison were worth $68,897,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. HBK Sorce Advisory LLC increased its position in shares of Avery Dennison by 8.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,780 shares of the industrial products company’s stock valued at $2,256,000 after purchasing an additional 875 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Avery Dennison during the 4th quarter valued at $222,000. Coldstream Capital Management Inc. increased its position in shares of Avery Dennison by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 54 shares during the period. Goldenstone Wealth Management LLC acquired a new position in shares of Avery Dennison in the 4th quarter worth $243,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Avery Dennison by 618.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,106 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 952 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Avery Dennison

In other news, Director Mitchell R. Butier sold 20,000 shares of Avery Dennison stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director owned 211,147 shares in the company, valued at approximately $36,714,240.36. The trade was a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Avery Dennison Stock Performance

Shares of NYSE AVY opened at $159.25 on Friday. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.77 and a beta of 0.84. The stock’s fifty day simple moving average is $165.42 and its 200 day simple moving average is $176.51. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 52-week low of $152.68 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. Avery Dennison’s revenue for the quarter 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. As a group, sell-side analysts forecast that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is presently 42.39%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVY. Deutsche Bank Aktiengesellschaft began coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. UBS Group decreased their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. JPMorgan Chase & Co. decreased their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Truist Financial restated a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Friday, March 27th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $204.11.

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.