Man Group plc Acquires Shares of 40,204 Avery Dennison Corporation $AVY

Man Group plc purchased a new position in Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 40,204 shares of the industrial products company’s stock, valued at approximately $6,527,000. Man Group plc owned about 0.05% of Avery Dennison at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its stake in Avery Dennison by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 54 shares during the last quarter. Huntington National Bank lifted its holdings in shares of 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 purchasing an additional 56 shares in the last quarter. Resources Management Corp CT ADV boosted its position in shares of 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 buying an additional 62 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Avery Dennison by 22.9% during the fourth quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $70,000 after buying an additional 72 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after buying an additional 73 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AVY has been the subject of a number of research reports. Argus set a $175.00 target price on shares of Avery Dennison in a research note on Thursday, June 4th. Truist Financial reduced their price objective on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. raised their target price on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.22.

Insider Buying and Selling

In other news, SVP Ignacio J. 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 of the company’s stock, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by insiders.

Avery Dennison Stock Down 0.4%

AVY opened at $177.71 on Friday. The company has a market capitalization of $13.47 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.27 and a beta of 0.81. The firm has a 50-day simple moving average of $168.88 and a two-hundred day simple moving average of $169.98. 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 Corporation has a 52 week low of $152.42 and a 52 week high of $199.54.

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, topping the consensus estimate of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. Avery Dennison’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts forecast that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.3%. Avery Dennison’s dividend payout ratio is 43.81%.

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.