2,000,022 Shares of Avery Dennison Corporation $AVY Acquired by Ninety One UK Ltd

Ninety One UK Ltd acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,000,022 shares of the industrial products company’s stock, valued at approximately $341,344,000. Ninety One UK Ltd owned approximately 2.64% of Avery Dennison as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Ninety One SA Pty Ltd purchased a new position in Avery Dennison in the third quarter worth about $272,000. State of Alaska Department of Revenue grew its holdings in shares of Avery Dennison by 159.9% during the third quarter. State of Alaska Department of Revenue now owns 37,429 shares of the industrial products company’s stock valued at $6,388,000 after buying an additional 23,026 shares during the last quarter. Ninety One North America Inc. purchased a new stake in shares of Avery Dennison during the third quarter valued at approximately $25,337,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Avery Dennison during the third quarter valued at approximately $188,000. Finally, Mainsail Asset Management LLC bought a new stake in shares of Avery Dennison during the third quarter valued at approximately $125,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Stock Performance

Avery Dennison stock traded up $3.89 during mid-day trading on Thursday, reaching $175.73. 176,764 shares of the stock traded hands, compared to its average volume of 744,740. The stock has a market capitalization of $13.32 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The business’s 50-day moving average is $173.88 and its 200-day moving average is $167.06.

Avery Dennison (NYSE:AVY) last posted its 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. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, sell-side analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup lifted their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a $181.00 price target on shares of Avery Dennison in a research note on Monday, September 28th. JPMorgan Chase & Co. boosted their price target on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Truist Financial lowered their price target on Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.10.

Insider Activity at Avery Dennison

In other Avery Dennison 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 transaction of $298,944.62. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nicholas Colisto sold 3,886 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the transaction, the senior vice president owned 7,126 shares in the company, valued at $1,216,265.68. The trade was a 35.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.