Baird Financial Group Inc. Has $17.42 Million Position in Avery Dennison Corporation $AVY

Baird Financial Group Inc. cut its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 40.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 107,293 shares of the industrial products company’s stock after selling 73,115 shares during the period. Baird Financial Group Inc.’s holdings in Avery Dennison were worth $17,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in shares of Avery Dennison by 17,665.0% during the 2nd quarter. California State Teachers Retirement System now owns 31,738,613 shares of the industrial products company’s stock valued at $5,152,764,000 after acquiring an additional 31,559,955 shares in the last quarter. BlackRock Inc. acquired a new position in Avery Dennison in the 2nd quarter worth about $1,052,464,000. Wellington Management Group LLP increased its holdings in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after purchasing an additional 644,664 shares in the last quarter. Morgan Stanley raised its position in Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after purchasing an additional 647,795 shares during the last quarter. Finally, State Street Corp raised its position in Avery Dennison by 0.9% in the fourth quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock valued at $673,247,000 after purchasing an additional 34,124 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio Walker sold 1,742 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AVY shares. UBS Group boosted their price target on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. 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. JPMorgan Chase & Co. boosted their target price 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. Finally, Citigroup upped their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” 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. Based on data from MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and a consensus price target of $201.22.

Avery Dennison Stock Up 0.4%

Shares of NYSE:AVY opened at $169.49 on Friday. 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 52-week low of $152.42 and a 52-week high of $199.54. The business’s 50 day simple moving average is $170.76 and its two-hundred day simple moving average is $168.47. The firm has a market cap of $12.85 billion, a P/E ratio of 18.56, a PEG ratio of 2.04 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company 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. As a group, research analysts forecast that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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 issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.4%. Avery Dennison’s dividend payout ratio is presently 43.81%.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.

The company’s offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.