Schaper Benz & Wise Investment Counsel Inc. WI Buys New Shares in Avery Dennison Corporation $AVY

Schaper Benz & Wise Investment Counsel Inc. WI bought a new stake in Avery Dennison Corporation (NYSE:AVY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,873 shares of the industrial products company’s stock, valued at approximately $2,538,000.

A number of other large investors also recently bought and sold shares of AVY. BlackRock Inc. purchased a new stake in shares of Avery Dennison during the 2nd quarter valued at $1,052,464,000. Wellington Management Group LLP boosted its holdings in Avery Dennison by 9.1% in the second quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company’s stock valued at $939,760,000 after acquiring an additional 482,054 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Avery Dennison by 1.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company’s stock valued at $155,350,000 after acquiring an additional 17,769 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Avery Dennison by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 879,056 shares of the industrial products company’s stock valued at $151,766,000 after acquiring an additional 21,044 shares during the period. Finally, Bank of America Corp DE acquired a new stake in Avery Dennison during the second quarter worth about $142,169,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVY. UBS Group lifted their price objective on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup increased their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Truist Financial cut their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $181.00 price objective on shares of Avery Dennison in a research note on Monday, September 28th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison has an average rating of “Moderate Buy” and a consensus target price of $199.20.

Avery Dennison Stock Up 0.1%

AVY stock opened at $167.77 on Friday. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $12.72 billion, a P/E ratio of 18.38, a PEG ratio of 2.02 and a beta of 0.79. The firm has a 50 day simple moving average of $174.09 and a 200-day simple moving average of $167.02.

Avery Dennison (NYSE:AVY) last posted its quarterly 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 net margin of 7.62% and a return on equity of 34.60%. 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 prior year, the company posted $2.42 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, equities research analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.

Insider Transactions at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction dated Tuesday, September 15th. The stock was 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. This trade represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ignacio Walker sold 1,742 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were 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. The trade was a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.81% of the stock is currently owned by company insiders.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.