SBI Okasan Asset Management Co.Ltd. Takes Position in Avery Dennison Corporation $AVY

SBI Okasan Asset Management Co.Ltd. bought a new stake in Avery Dennison Corporation (NYSE:AVY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,414 shares of the industrial products company’s stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AVY. Bartlett & CO. Wealth Management LLC raised its holdings in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 169 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in Avery Dennison during the fourth quarter worth about $37,000. CYBER HORNET ETFs LLC purchased a new position in Avery Dennison during the second quarter worth about $37,000. Sound Income Strategies LLC raised its holdings in Avery Dennison by 51.1% during the fourth quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 72 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Avery Dennison by 285.7% during the fourth quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 160 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AVY. JPMorgan Chase & Co. cut their price target on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. BMO Capital Markets increased their price target on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Citigroup cut their price target on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target for the company. Finally, UBS Group cut their price target on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a report on Friday, April 10th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.11.

Insider Transactions at Avery Dennison

In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total value of $3,477,600.00. Following the completion of the transaction, the director directly owned 211,147 shares of the company’s stock, valued at approximately $36,714,240.36. This trade represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Avery Dennison Trading Down 1.2%

Shares of Avery Dennison stock opened at $159.25 on Friday. Avery Dennison Corporation has a 12-month low of $152.68 and a 12-month high of $199.54. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The stock has a market cap of $12.18 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.77 and a beta of 0.84. The company has a 50-day moving average of $165.42 and a two-hundred day moving average of $176.51.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the company posted $2.30 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, research analysts anticipate that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is 42.39%.

Avery Dennison 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.