Legal & General Group Plc Takes $62.79 Million Position in Avery Dennison Corporation $AVY

Legal & General Group Plc bought a new stake in Avery Dennison Corporation (NYSE:AVY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 386,734 shares of the industrial products company’s stock, valued at approximately $62,786,000. Legal & General Group Plc owned approximately 0.51% of Avery Dennison at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in Avery Dennison by 6.4% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after buying an additional 819 shares during the period. Focus Partners Wealth lifted its holdings in shares of Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after acquiring an additional 278 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Avery Dennison during the 1st quarter valued at about $1,209,000. EverSource Wealth Advisors LLC increased its stake in Avery Dennison by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 242 shares during the period. Finally, Marshall Wace LLP acquired a new position in Avery Dennison in the second quarter worth about $241,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Price Performance

NYSE:AVY opened at $177.71 on Friday. The firm has a market cap of $13.47 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.28 and a beta of 0.81. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average price is $168.88 and its two-hundred day moving average price is $169.98.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data 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. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the firm earned $2.42 earnings per share. The company’s quarterly 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, equities analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Avery Dennison’s dividend payout ratio is 43.81%.

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The stock was 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. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on AVY. JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Truist Financial dropped their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. UBS Group raised their target price on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Citigroup boosted their price target on Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.22.

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.