Ignacio Walker Sells 1,742 Shares of Avery Dennison (NYSE:AVY) Stock

Avery Dennison Corporation (NYSE:AVY) SVP Ignacio Walker sold 1,742 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Avery Dennison Price Performance

Shares of NYSE:AVY traded up $2.15 during midday trading on Wednesday, reaching $175.45. The company’s stock had a trading volume of 822,530 shares, compared to its average volume of 700,000. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a market capitalization of $13.42 billion, a P/E ratio of 19.22, a P/E/G ratio of 3.03 and a beta of 0.81. 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 business’s fifty day simple moving average is $161.17 and its 200-day simple moving average is $170.89.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, equities research analysts expect that Avery Dennison Corporation will post 10.12 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is 43.81%.

Wall Street Analyst Weigh In

AVY has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Bank of America raised their price target on Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Truist Financial cut 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. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $201.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Coldstream Capital Management Inc. increased its holdings in Avery Dennison by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 54 shares during the last quarter. Huntington National Bank grew its position in shares of Avery Dennison by 3.2% during the 4th quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock worth $333,000 after buying an additional 56 shares during the period. Resources Management Corp CT ADV grew its position in shares of Avery Dennison by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after buying an additional 62 shares during the period. Sound Income Strategies LLC increased its stake 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 valued at $40,000 after acquiring an additional 72 shares during the last quarter. Finally, Rothschild Investment LLC raised its position in shares of Avery Dennison by 22.9% in the 4th quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 72 shares during the period. 94.17% of the stock is currently owned by institutional investors.

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.