ING Groep NV Buys 16,508 Shares of Avery Dennison Corporation $AVY

ING Groep NV increased its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 163.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,589 shares of the industrial products company’s stock after purchasing an additional 16,508 shares during the period. ING Groep NV’s holdings in Avery Dennison were worth $4,836,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC lifted its stake in Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 169 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Avery Dennison during the 3rd quarter worth approximately $36,000. Godfrey Financial Associates Inc. acquired a new position in shares of Avery Dennison during the 4th quarter worth approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Avery Dennison in the 2nd quarter valued at $37,000. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

In other news, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the transaction, the director owned 211,147 shares in the company, valued at $36,714,240.36. This trade represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Avery Dennison Trading Down 1.4%

Shares of Avery Dennison stock opened at $152.94 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The stock has a 50 day moving average price of $164.14 and a two-hundred day moving average price of $175.78. The stock has a market capitalization of $11.70 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Avery Dennison Corporation will post 10.05 earnings per share 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. Stockholders of record on Wednesday, June 3rd will be issued a $1.00 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is 45.10%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AVY. UBS Group reduced their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. JPMorgan Chase & Co. dropped their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Truist Financial reissued a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Finally, Argus set a $175.00 price target on Avery Dennison in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average price target of $201.33.

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.