Avery Dennison Corporation $AVY Position Lowered by Cooke & Bieler LP

Cooke & Bieler LP reduced its stake in Avery Dennison Corporation (NYSE:AVY) by 30.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 503,132 shares of the industrial products company’s stock after selling 216,363 shares during the quarter. Cooke & Bieler LP owned 0.66% of Avery Dennison worth $85,870,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AVY. Bank of America Corp DE bought a new position in shares of Avery Dennison during the 2nd quarter valued at approximately $142,169,000. HighTower Advisors LLC increased its stake in shares of Avery Dennison by 32.9% during the 2nd quarter. HighTower Advisors LLC now owns 68,647 shares of the industrial products company’s stock worth $11,145,000 after purchasing an additional 17,003 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $1,053,000. Corient Private Wealth LP raised its holdings in shares of Avery Dennison by 91.1% in the 2nd quarter. Corient Private Wealth LP now owns 124,011 shares of the industrial products company’s stock worth $20,133,000 after purchasing an additional 59,109 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Avery Dennison in the 2nd quarter worth approximately $6,283,000. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling

In related news, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value of $663,262.48. Following the completion of the transaction, the senior vice president directly owned 7,126 shares in the company, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ignacio J. Walker sold 1,742 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the sale, the senior vice president directly owned 7,585 shares in the company, valued at $1,301,661.85. The trade was a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company’s stock.

Avery Dennison Price Performance

NYSE AVY opened at $178.97 on Thursday. 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 company has a market cap of $13.56 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The firm’s 50-day simple moving average is $173.78 and its two-hundred day simple moving average is $167.28.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.42. The firm had revenue of $2.46 billion during 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 company’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Research analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and issued a $181.00 target price on shares of Avery Dennison in a research report on Monday, September 28th. Citigroup raised their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” 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 company an “overweight” rating in a research note on Friday, July 31st. Finally, Truist Financial dropped their price target on Avery Dennison from $209.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $199.10.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.