Manning & Napier Advisors LLC Purchases Shares of 3,200 Avery Dennison Corporation $AVY

Manning & Napier Advisors LLC purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,200 shares of the industrial products company’s stock, valued at approximately $523,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after buying an additional 819 shares in the last quarter. Focus Partners Wealth boosted its stake in Avery Dennison by 7.6% in the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after buying an additional 278 shares in the last quarter. Intech Investment Management LLC bought a new position in Avery Dennison during the first quarter valued at approximately $1,209,000. EverSource Wealth Advisors LLC grew its position in Avery Dennison by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 242 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Avery Dennison during the second quarter worth approximately $241,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AVY. JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Truist Financial decreased their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. UBS Group upped their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Bank of America reiterated a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.22.

Avery Dennison Stock Performance

NYSE:AVY opened at $180.12 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The firm has a market cap of $13.65 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The business has a 50 day moving average price of $167.64 and a 200-day moving average price of $170.09.

Avery Dennison (NYSE:AVY) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm earned $2.42 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities research analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

The company 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. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s payout ratio is presently 43.81%.

Insider Activity at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the company’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

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.