Willis Investment Counsel Has $1.79 Million Holdings in Avery Dennison Corporation $AVY
by Danessa Lincoln · The Markets DailyWillis Investment Counsel lifted its holdings in Avery Dennison Corporation (NYSE:AVY – Free Report) by 244.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,856 shares of the industrial products company’s stock after acquiring an additional 6,998 shares during the period. Willis Investment Counsel’s holdings in Avery Dennison were worth $1,793,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. bought a new stake in Avery Dennison during the third quarter worth about $29,000. CYBER HORNET ETFs LLC bought a new stake in Avery Dennison during the second quarter worth about $37,000. Sound Income Strategies LLC lifted its position in Avery Dennison by 51.1% during the fourth quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 72 shares during the period. True Wealth Design LLC lifted its position in Avery Dennison by 285.7% during the fourth quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 160 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in Avery Dennison during the third quarter worth about $36,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. UBS Group upped their price objective on shares of Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Truist Financial upped their price objective on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.75.
Insider Buying and Selling
In related news, SVP Ignacio J. Walker sold 1,156 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.95, for a total value of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares in the company, valued at $1,464,104.60. This trade represents a 13.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the completion of the transaction, the director owned 211,147 shares of the company’s stock, valued at approximately $36,714,240.36. This trade represents a 8.65% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 34,156 shares of company stock valued at $5,930,150. 0.81% of the stock is owned by company insiders.
Avery Dennison Stock Up 4.7%
AVY stock opened at $175.41 on Thursday. The stock has a market capitalization of $13.49 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54. The firm has a 50-day moving average price of $181.66 and a 200-day moving average price of $177.27.
Avery Dennison (NYSE:AVY – Get Free Report) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. As a group, equities research analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.
Avery Dennison Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were issued a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. Avery Dennison’s dividend payout ratio is 42.82%.
About Avery Dennison
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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