Key Points
- Avery Dennison SVP Nicholas Colisto sold 3,886 shares at an average price of $170.68, reducing his direct stake by 35.29% to 7,126 shares.
- The company reported quarterly EPS of $2.89, exceeding estimates by $0.42, while revenue reached $2.46 billion, up 10.9% year over year.
- Avery Dennison pays a quarterly dividend of $1.00, or $4.00 annually, yielding approximately 2.3%; analysts maintain a “Moderate Buy” consensus with an average price target of $201.22.
Avery Dennison Corporation (NYSE:AVY - Get Free Report) SVP Nicholas Colisto sold 3,886 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value of $663,262.48. Following the completion of the sale, the senior vice president directly owned 7,126 shares in the company, valued at approximately $1,216,265.68. This represents a 35.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Avery Dennison Trading Up 0.5%
Shares of AVY opened at $172.36 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 2.07 and a beta of 0.81. The business's fifty day moving average is $171.29 and its 200-day moving average is $167.80.
Avery Dennison (NYSE:AVY - Get Free Report) last announced 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. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.Avery Dennison's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.
Avery Dennison Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison's dividend payout ratio is 43.81%.
Institutional Trading of Avery Dennison
A number of hedge funds have recently made changes to their positions in AVY. Talon Private Wealth LLC bought a new stake in shares of Avery Dennison during the second quarter worth about $209,000. Tidal Investments LLC boosted its position in Avery Dennison by 23.8% during the 2nd quarter. Tidal Investments LLC now owns 14,802 shares of the industrial products company's stock worth $2,403,000 after buying an additional 2,850 shares during the period. Squarepoint Ops LLC boosted its position in Avery Dennison by 1,402.2% during the 2nd quarter. Squarepoint Ops LLC now owns 30,870 shares of the industrial products company's stock worth $5,012,000 after buying an additional 28,815 shares during the period. Arizona State Retirement System grew its holdings in Avery Dennison by 5.0% during the 2nd quarter. Arizona State Retirement System now owns 22,053 shares of the industrial products company's stock worth $3,580,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in Avery Dennison by 3.2% during the 2nd quarter. Empirical Finance LLC now owns 2,935 shares of the industrial products company's stock worth $476,000 after acquiring an additional 90 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on AVY. UBS Group raised their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Truist Financial dropped their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average price target of $201.22.
Read Our Latest Stock Analysis on AVY
Avery Dennison Company Profile
(
Get Free Report)
Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.
The company's offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.
Further Reading
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