iA Global Asset Management Inc. Invests $714,000 in Avery Dennison Corporation $AVY

iA Global Asset Management Inc. acquired a new position in Avery Dennison Corporation (NYSE:AVY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,928 shares of the industrial products company’s stock, valued at approximately $714,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its position in shares of Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after buying an additional 169 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Avery Dennison in the 3rd quarter worth approximately $36,000. CYBER HORNET ETFs LLC purchased a new position in shares of Avery Dennison in the 2nd quarter worth approximately $37,000. True Wealth Design LLC grew its position in shares of Avery Dennison by 285.7% in the 4th quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock worth $39,000 after buying an additional 160 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in shares of Avery Dennison by 51.1% in the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Mitchell R. Butier sold 13,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the completion of the sale, the director owned 198,147 shares of the company’s stock, valued at $33,982,210.50. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. UBS Group lowered their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Truist Financial reiterated a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Citigroup lowered their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison Stock Up 0.5%

Shares of AVY opened at $156.95 on Tuesday. The firm has a market cap of $12.01 billion, a P/E ratio of 17.69, a PEG ratio of 2.69 and a beta of 0.84. The stock’s 50 day moving average is $167.88 and its two-hundred day moving average is $177.50. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 12 month low of $156.02 and a 12 month high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.41 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Analysts predict that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is presently 42.39%.

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.