Great Lakes Advisors LLC Invests $15.10 Million in Avery Dennison Corporation $AVY

Great Lakes Advisors LLC acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 93,023 shares of the industrial products company’s stock, valued at approximately $15,102,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Avery Dennison in the 2nd quarter worth approximately $1,052,464,000. Norges Bank bought a new position in shares of Avery Dennison during the 4th quarter valued at $188,438,000. Morgan Stanley raised its position in Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after purchasing an additional 647,795 shares during the period. Wellington Management Group LLP lifted its stake in Avery Dennison by 12.5% in the third 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 during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Avery Dennison in the second quarter worth $101,896,000. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AVY. Truist Financial reduced their price objective on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Citigroup boosted their target price on Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their target price on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, July 31st. UBS Group raised their price target on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research note on Friday. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $201.22.

Insider Buying and Selling at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of the company’s 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 owned 7,585 shares in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Avery Dennison Price Performance

Shares of Avery Dennison stock opened at $177.60 on Wednesday. The company’s fifty day simple moving average is $165.30 and its two-hundred day simple moving average is $170.26. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The firm has a market cap of $13.46 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.93 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (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 for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm earned $2.42 earnings per share. The business’s 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. As a group, equities analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is 43.81%.

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.