National Pension Service Cuts Stock Position in Avery Dennison Corporation $AVY

National Pension Service trimmed its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 45.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,497 shares of the industrial products company’s stock after selling 3,757 shares during the period. National Pension Service’s holdings in Avery Dennison were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Avery Dennison by 6.4% in the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after buying an additional 819 shares in the last quarter. Focus Partners Wealth grew its holdings in Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 278 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Avery Dennison during the 1st quarter worth $1,209,000. EverSource Wealth Advisors LLC lifted its holdings in Avery Dennison by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock worth $68,000 after buying an additional 242 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Avery Dennison in the second quarter worth about $241,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Argus set a $175.00 target price on Avery Dennison in a research note on Thursday, June 4th. UBS Group lifted their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Finally, Truist Financial reduced their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $201.22.

Insider Activity

In related news, SVP Ignacio Walker sold 1,742 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Trading Up 0.1%

Avery Dennison stock opened at $169.49 on Monday. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm’s 50 day moving average price is $170.76 and its two-hundred day moving average price is $168.28. 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 (NYSE:AVY) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations 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 was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, research analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Avery Dennison Company Profile

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.