Cramer Rosenthal Mcglynn LLC Sells 35,804 Shares of Avery Dennison Corporation $AVY

Cramer Rosenthal Mcglynn LLC lessened its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 43.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,252 shares of the industrial products company’s stock after selling 35,804 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Avery Dennison were worth $7,663,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Perennial Investment Advisors LLC bought a new stake in Avery Dennison during the 3rd quarter worth $338,000. American Wealth Advisors LLC acquired a new stake in shares of Avery Dennison during the third quarter valued at about $49,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Avery Dennison during the third quarter worth about $302,000. Elo Mutual Pension Insurance Co increased its stake in shares of Avery Dennison by 13.3% in the third quarter. Elo Mutual Pension Insurance Co now owns 12,993 shares of the industrial products company’s stock valued at $2,107,000 after buying an additional 1,523 shares during the period. Finally, Journey Strategic Wealth LLC acquired a new stake in Avery Dennison during the 3rd quarter worth approximately $243,000. 94.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,156 shares of Avery Dennison stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.95, for a total transaction of $223,050.20. Following the transaction, the senior vice president owned 7,588 shares of the company’s stock, valued at $1,464,104.60. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. UBS Group increased their target price on shares of Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. BMO Capital Markets upped their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Citigroup lifted their target price on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $208.45.

Avery Dennison Stock Performance

AVY opened at $183.88 on Friday. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 3.34 and a beta of 0.97. The company’s fifty day moving average price is $188.79 and its two-hundred day moving average price is $177.13. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.40 by $0.05. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s dividend payout ratio is presently 42.82%.

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.