5,288 Shares in Avery Dennison Corporation $AVY Acquired by L2 Asset Management LLC

L2 Asset Management LLC bought a new position in Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,288 shares of the industrial products company’s stock, valued at approximately $859,000.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Avery Dennison in the second quarter valued at $1,052,464,000. Norges Bank purchased a new position in Avery Dennison during the fourth quarter worth about $188,438,000. Morgan Stanley boosted its stake in Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after buying an additional 647,795 shares during the last quarter. Wellington Management Group LLP boosted its stake in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after buying an additional 644,664 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Avery Dennison in the 2nd quarter valued at about $101,896,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AVY. UBS Group increased their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Truist Financial dropped their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Finally, Citigroup boosted their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and an average target price of $201.22.

Insider Activity at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the company’s 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 sale, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Avery Dennison Stock Up 0.0%

AVY opened at $183.78 on Tuesday. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm has a 50 day moving average price of $167.28 and a 200 day moving average price of $170.18. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The company has a market cap of $13.93 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 3.01 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results 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. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the company posted $2.42 earnings per share. Avery Dennison’s revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Sell-side analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s payout ratio is currently 43.81%.

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.