HBK Sorce Advisory LLC Makes New Investment in Avery Dennison Corporation $AVY

HBK Sorce Advisory LLC bought a new position in Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 10,109 shares of the industrial products company’s stock, valued at approximately $1,775,000.

Several other hedge funds have also recently made changes to their positions in the business. Elevation Wealth Partners LLC lifted its holdings in shares of Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 171 shares during the last quarter. Root Financial Partners LLC grew its position 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 worth $35,000 after acquiring an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Avery Dennison during the third quarter worth approximately $36,000. Godfrey Financial Associates Inc. purchased a new stake in Avery Dennison during the fourth quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Avery Dennison during the second quarter valued at approximately $37,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVY has been the subject of a number of recent research reports. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Argus set a $175.00 price target on Avery Dennison in a report on Thursday, June 4th. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup lifted their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $201.22.

Insiders Place Their Bets

In other news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction on 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 sale, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is currently owned by insiders.

More Avery Dennison News

Here are the key news stories impacting Avery Dennison this week:

• Positive Sentiment: Analysts maintain a constructive view of Avery Dennison, with the shares receiving a consensus “Moderate Buy” rating. Avery Dennison Corporation Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: Zacks identified three growth attributes that could support exceptional returns for AVY, reinforcing the investment case following the company’s latest earnings beat, revenue growth and upbeat longer-term outlook. Is Avery Dennison a Solid Growth Stock?
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.17 from $10.03, FY2027 to $11.06 from $10.92, and FY2028 to $11.95 from $11.88. It also increased estimates for Q1 2027, Q2 2027 and Q2 2028, suggesting stronger longer-term earnings potential.
• Neutral Sentiment: Recent options-market activity has attracted attention and may indicate increased positioning or volatility in AVY, but the available report does not establish a clear bullish or bearish direction. Is the Options Market Predicting a Spike in Avery Dennison Stock?
• Negative Sentiment: Near-term earnings expectations were reduced: Q3 2026 EPS was cut to $2.31 from $2.52, while Q4 2026 EPS fell to $2.50 from $2.56. Estimates for Q3 2027 and Q4 2027 were also trimmed, potentially pressuring sentiment despite the higher full-year forecasts.

Avery Dennison Stock Down 0.1%

Shares of NYSE AVY opened at $178.66 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The company has a market cap of $13.54 billion, a P/E ratio of 19.57, a PEG ratio of 2.93 and a beta of 0.81. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The firm has a 50-day simple moving average of $164.46 and a two-hundred day simple moving average of $170.38.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the firm posted $2.42 earnings per share. The company’s quarterly 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. Research analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is 43.81%.

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.