Avery Dennison Corporation $AVY Shares Sold by DAVENPORT & Co LLC
by Tristan Rich · The Markets DailyDAVENPORT & Co LLC trimmed its stake in shares of Avery Dennison Corporation (NYSE:AVY – Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 279,805 shares of the industrial products company’s stock after selling 9,780 shares during the period. DAVENPORT & Co LLC owned about 0.36% of Avery Dennison worth $50,994,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC boosted its position in Avery Dennison by 89.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 80 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Avery Dennison during the 3rd quarter valued at approximately $29,000. CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison in the 2nd quarter valued at $37,000. True Wealth Design LLC boosted its holdings 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 buying an additional 160 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Avery Dennison during the third quarter worth $36,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on AVY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Citigroup raised their target price on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. BMO Capital Markets lifted their price target on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. UBS Group upped their price target on Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their price objective on Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and an average target price of $208.45.
Check Out Our Latest Research Report on Avery Dennison
Avery Dennison Stock Performance
AVY opened at $165.87 on Wednesday. The firm’s fifty day simple moving average is $185.23 and its two-hundred day simple moving average is $176.99. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $199.54. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.94 and a beta of 0.97. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.
Avery Dennison (NYSE:AVY – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.05. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.
Avery Dennison Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.94 per share. 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 2.3%. Avery Dennison’s dividend payout ratio is presently 42.82%.
Insider Activity at Avery Dennison
In other news, Director Mitchell R. Butier sold 20,000 shares of Avery Dennison stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the sale, the director directly owned 211,147 shares of the company’s stock, valued at $36,714,240.36. The trade was a 8.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ignacio J. Walker sold 1,156 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the sale, the senior vice president owned 7,588 shares of the company’s stock, valued at $1,464,104.60. The trade was a 13.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 34,156 shares of company stock worth $5,930,150. Company insiders own 0.81% of the company’s stock.
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.
See Also
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