Fiduciary Management Inc. WI Cuts Holdings in Avery Dennison Corporation $AVY

by · The Markets Daily

Fiduciary Management Inc. WI lowered its position in shares of Avery Dennison Corporation (NYSE:AVYFree Report) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,400,814 shares of the industrial products company’s stock after selling 104,885 shares during the quarter. Avery Dennison accounts for about 2.8% of Fiduciary Management Inc. WI’s holdings, making the stock its 5th biggest position. Fiduciary Management Inc. WI’s holdings in Avery Dennison were worth $254,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the company. Coldstream Capital Management Inc. boosted its position in Avery Dennison by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after acquiring an additional 54 shares during the last quarter. Huntington National Bank boosted its position in Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 56 shares during the last quarter. Portside Wealth Group LLC boosted its position in Avery Dennison by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 60 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Avery Dennison by 3.4% during the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 61 shares during the last quarter. Finally, Resources Management Corp CT ADV boosted its position in Avery Dennison by 0.8% during the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Price Performance

AVY stock opened at $155.34 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. Avery Dennison Corporation has a 1 year low of $152.55 and a 1 year high of $199.54. The stock has a market capitalization of $11.88 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The company’s 50-day moving average is $164.45 and its 200-day moving average is $175.86.

Avery Dennison (NYSE:AVYGet Free Report) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business posted $2.30 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities research analysts expect that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is currently 45.10%.

Insider Buying and Selling at Avery Dennison

In related news, Director Mitchell R. Butier sold 13,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $171.50, for a total value of $2,229,500.00. Following the sale, the director owned 198,147 shares in the company, valued at $33,982,210.50. This represents a 6.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Citigroup cut their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. Finally, UBS Group cut their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Eight research 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 a consensus target price of $201.33.

Check Out Our Latest Report on AVY

Avery Dennison Company Profile

(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.

See Also

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