Jefferies Financial Group Inc. Buys Shares of 10,300 Avery Dennison Corporation $AVY

Jefferies Financial Group Inc. purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,300 shares of the industrial products company’s stock, valued at approximately $1,672,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont bought a new stake in shares of Avery Dennison during the 2nd quarter valued at $27,000. Elevation Wealth Partners LLC grew its stake in shares of Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 171 shares during the period. Root Financial Partners LLC increased its holdings in Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Avery Dennison in the third quarter valued at about $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in Avery Dennison during the fourth quarter worth about $37,000. 94.17% of the stock is owned by institutional investors.

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 transaction of $298,944.62. Following the completion of the transaction, the senior vice president directly 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 transaction 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 company insiders.

Wall Street Analysts Forecast Growth

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

Avery Dennison Price Performance

NYSE AVY opened at $177.71 on Friday. 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 stock has a market cap of $13.47 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.27 and a beta of 0.81. The business has a 50 day simple moving average of $168.88 and a 200 day simple moving average of $169.98. 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, 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 analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm posted $2.42 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share 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. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is 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.