Avery Dennison Corporation $AVY Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 159.5% in the fourth quarter, HoldingsChannel reports. The firm owned 73,412 shares of the industrial products company’s stock after purchasing an additional 45,120 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Avery Dennison were worth $13,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Avery Dennison by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after purchasing an additional 361,231 shares during the period. Johnson Investment Counsel Inc. boosted its position in Avery Dennison by 11.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock valued at $57,025,000 after purchasing an additional 36,698 shares during the period. Fieldview Capital Management LLC boosted its position in Avery Dennison by 412.7% during the 3rd quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock valued at $4,259,000 after purchasing an additional 21,142 shares during the period. WCM Investment Management LLC acquired a new position in Avery Dennison during the 3rd quarter valued at approximately $2,785,000. Finally, CPC Advisors LLC acquired a new position in Avery Dennison during the 4th quarter valued at approximately $1,464,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity at Avery Dennison

In other news, Director Mitchell R. Butier sold 13,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $171.50, for a total value of $2,229,500.00. Following the sale, the director owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. The trade was a 6.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Avery Dennison Stock Up 1.1%

Shares of Avery Dennison stock opened at $157.13 on Wednesday. The business’s fifty day moving average price is $165.27 and its two-hundred day moving average price is $176.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The company has a market capitalization of $12.02 billion, a P/E ratio of 17.71, a PEG ratio of 2.67 and a beta of 0.82. Avery Dennison Corporation has a 1-year low of $152.68 and a 1-year high of $199.54.

Avery Dennison (NYSE:AVY) last announced 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. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm 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 business earned $2.30 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts forecast that Avery Dennison Corporation will post 10.05 EPS for the current year.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is presently 42.39%.

Analyst Ratings Changes

Several brokerages have weighed in on AVY. Raymond James Financial set a $192.00 target price on Avery Dennison in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft began coverage on Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Finally, Citigroup cut their target price on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison 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.