Wolverine Asset Management LLC Purchases Shares of 14,000 Avery Dennison Corporation $AVY

Wolverine Asset Management LLC purchased a new stake in Avery Dennison Corporation (NYSE:AVY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,000 shares of the industrial products company’s stock, valued at approximately $2,546,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Portside Wealth Group LLC raised its stake in Avery Dennison by 4.7% in the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock valued at $217,000 after buying an additional 60 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of Avery Dennison by 3.4% in the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 61 shares during the last quarter. Resources Management Corp CT ADV raised its stake in shares of Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 62 shares during the last quarter. Mather Group LLC. raised its stake in shares of Avery Dennison by 3.6% in the fourth quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 64 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Avery Dennison by 0.3% in the third quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock worth $3,754,000 after purchasing an additional 71 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Stock Down 1.7%

Avery Dennison stock opened at $160.28 on Tuesday. The stock has a market capitalization of $12.33 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.80 and a beta of 0.84. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54. The business has a 50 day simple moving average of $174.26 and a 200-day simple moving average of $178.19. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts anticipate that Avery Dennison Corporation will post 10.06 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $1.00 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is presently 45.10%.

Analysts Set New Price Targets

AVY has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective for the company. Citigroup reduced their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. UBS Group reduced their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, Truist Financial reiterated a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.11.

Insider Buying and Selling

In other news, SVP Ignacio J. Walker sold 1,156 shares of Avery Dennison stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the sale, the senior vice president directly owned 7,588 shares of the company’s stock, valued at $1,464,104.60. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mitchell R. Butier sold 13,000 shares of Avery Dennison stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $171.50, for a total value of $2,229,500.00. Following the completion of the sale, the director directly owned 198,147 shares in the company, valued at $33,982,210.50. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,156 shares of company stock worth $5,930,150 over the last ninety days. 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.