Key Points
- Insider sale: Avery Dennison SVP Ignacio Walker sold 1,742 shares for approximately $298,945, reducing his direct holdings by 18.68% to 7,585 shares.
- Strong quarterly results: The company reported $2.89 in quarterly EPS, beating estimates by $0.42, while revenue rose 10.9% year over year to $2.46 billion.
- Investor outlook: Avery Dennison declared a quarterly dividend of $1.00 per share, a 2.3% yield, while analysts maintained a “Moderate Buy” consensus with an average price target of $201.22.
Avery Dennison Corporation (NYSE:AVY - Get Free Report) SVP Ignacio Walker sold 1,742 shares of Avery Dennison stock in a transaction dated 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 directly owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Avery Dennison Stock Performance
Shares of Avery Dennison stock opened at $175.45 on Thursday. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm's 50-day moving average is $161.47 and its 200 day moving average is $170.80. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 3.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.
Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.42. The business had revenue of $2.46 billion during 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%. Avery Dennison's revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Sell-side analysts anticipate that Avery Dennison Corporation will post 10.13 EPS for the current fiscal year.
Avery Dennison Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison's payout ratio is presently 43.81%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on AVY. Bank of America increased their target price on Avery Dennison from $202.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. UBS Group boosted their price target on Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Weiss Ratings downgraded Avery Dennison from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, June 8th. Finally, Truist Financial decreased their target price on Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $201.22.
Check Out Our Latest Report on AVY
Hedge Funds Weigh In On Avery Dennison
A number of institutional investors and hedge funds have recently modified their holdings of the company. CPC Advisors LLC purchased a new position in Avery Dennison in the fourth quarter worth about $1,464,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Avery Dennison by 8.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company's stock valued at $30,857,000 after purchasing an additional 13,494 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Avery Dennison in the 4th quarter worth approximately $2,546,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Avery Dennison by 59.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company's stock worth $12,221,000 after purchasing an additional 24,953 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Avery Dennison by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,008,727 shares of the industrial products company's stock worth $183,467,000 after buying an additional 41,714 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
About Avery Dennison
(
Get Free Report)
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.
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