Plato Investment Management Ltd Takes Position in Avery Dennison Corporation $AVY

Plato Investment Management Ltd purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, Holdings Channel reports. The fund purchased 5,858 shares of the industrial products company’s stock, valued at approximately $945,000.

A number of other institutional investors have also added to or reduced their stakes in AVY. Vanguard Group Inc. lifted its stake in Avery Dennison by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock valued at $1,900,428,000 after purchasing an additional 69,662 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Avery Dennison by 12.5% during the third 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. Morgan Stanley increased its holdings in shares of Avery Dennison by 20.1% during the fourth 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 in the last quarter. State Street Corp increased its holdings in shares of Avery Dennison by 0.9% during the fourth quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock worth $673,247,000 after buying an additional 34,124 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Avery Dennison by 4.9% in the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock valued at $269,180,000 after acquiring an additional 77,272 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Up 0.6%

Shares of NYSE:AVY opened at $177.60 on Wednesday. The firm has a market cap of $13.46 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.93 and a beta of 0.81. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The business has a fifty day simple moving average of $165.30 and a 200 day simple moving average of $170.26. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison’s payout ratio is 43.81%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVY. UBS Group raised their price objective on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Truist Financial cut their price target on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a research report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently 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 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 sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Avery Dennison Company 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.