J. Goldman & Co LP Invests $21.48 Million in Avery Dennison Corporation $AVY

J. Goldman & Co LP bought a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, Holdings Channel reports. The institutional investor bought 132,276 shares of the industrial products company’s stock, valued at approximately $21,475,000.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Avery Dennison in the 2nd quarter valued at about $1,052,464,000. Norges Bank acquired a new position in Avery Dennison during the 4th quarter worth approximately $188,438,000. The Manufacturers Life Insurance Company bought a new position in Avery Dennison in the second quarter worth approximately $118,728,000. Morgan Stanley grew its stake 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 acquiring an additional 647,795 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after acquiring an additional 644,664 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.

Avery Dennison Stock Down 1.9%

AVY stock opened at $180.12 on Wednesday. The firm has a market capitalization of $13.65 billion, a PE ratio of 19.73, a P/E/G ratio of 2.34 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 Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The stock’s 50 day moving average is $167.64 and its 200-day moving average is $170.09.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.Avery Dennison’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Sell-side analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio is presently 43.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AVY shares. Truist Financial cut their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Argus set a $175.00 price objective on shares of Avery Dennison in a report on Thursday, June 4th. UBS Group raised their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Bank of America reissued a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and an average price target of $201.22.

Avery Dennison Company 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.