Krilogy Financial LLC Buys New Shares in Avery Dennison Corporation $AVY

Krilogy Financial LLC bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,051 shares of the industrial products company’s stock, valued at approximately $1,374,000.

A number of other hedge funds have also bought and sold shares of AVY. Sax Wealth Advisors LLC acquired a new stake in shares of Avery Dennison during the third quarter worth $253,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of Avery Dennison during the third quarter valued at $1,563,000. Schaper Benz & Wise Investment Counsel Inc. WI acquired a new position in shares of Avery Dennison in the 3rd quarter valued at $2,538,000. GK Wealth Management LLC acquired a new position in shares of Avery Dennison in the 3rd quarter valued at $59,000. Finally, Bill Few Associates Inc. increased its position in shares of Avery Dennison by 1.1% in the 3rd quarter. Bill Few Associates Inc. now owns 21,680 shares of the industrial products company’s stock valued at $3,700,000 after acquiring an additional 236 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

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

Avery Dennison Stock Performance

Shares of NYSE AVY opened at $175.88 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a 50 day simple moving average of $173.92 and a two-hundred day simple moving average of $167.12. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.07 and a beta 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 for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. 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 note on Friday, July 31st. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Jefferies Financial Group reissued a “hold” rating and issued a $181.00 price objective on shares of Avery Dennison in a report on Monday, September 28th. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Citigroup raised their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.10.

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.