Corient Private Wealth LP Takes Position in Avery Dennison Corporation $AVY

Corient Private Wealth LP acquired a new position in Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 124,930 shares of the industrial products company’s stock, valued at approximately $20,282,000.

A number of other large investors have also recently bought and sold shares of AVY. BlackRock Inc. purchased a new position in Avery Dennison during the 2nd quarter worth approximately $1,052,464,000. Norges Bank purchased a new stake in shares of Avery Dennison in the 4th quarter valued at $188,438,000. Bank of America Corp DE purchased a new stake in shares of Avery Dennison in the 2nd quarter valued at $142,169,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Avery Dennison in the second quarter worth $118,728,000. Finally, Morgan Stanley increased its stake in shares of Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after acquiring an additional 647,795 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Activity

In other news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction that occurred 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 sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Stock Down 0.4%

AVY stock opened at $177.71 on Friday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a 50-day simple moving average of $168.88 and a 200-day simple moving average of $169.98. The stock has a market capitalization of $13.47 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.28 and a beta of 0.81.

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

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AVY. Truist Financial decreased their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Citigroup increased their price target on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.22.

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.