19,752 Avery Dennison Corporation $AVY Shares Bought by Willis Investment Counsel

Willis Investment Counsel grew its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 57.2% in the third quarter, HoldingsChannel.com reports. The firm owned 54,310 shares of the industrial products company’s stock after purchasing an additional 19,752 shares during the period. Willis Investment Counsel’s holdings in Avery Dennison were worth $9,269,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AVY. Empirical Finance LLC lifted its holdings in Avery Dennison by 3.2% during the second quarter. Empirical Finance LLC now owns 2,935 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 90 shares during the period. Lido Advisors LLC increased its position in shares of Avery Dennison by 6.7% during the 1st quarter. Lido Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 92 shares during the last quarter. Eastern Bank increased its position in shares of Avery Dennison by 10.0% during the 2nd quarter. Eastern Bank now owns 1,045 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 95 shares during the last quarter. Alpine Bank Wealth Management raised its stake in shares of Avery Dennison by 51.6% during the 3rd quarter. Alpine Bank Wealth Management now owns 282 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 96 shares during the period. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Avery Dennison by 54.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 303 shares of the industrial products company’s stock worth $52,000 after buying an additional 107 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Ignacio Walker sold 1,742 shares of the firm’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 completion of the transaction, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Nicholas Colisto sold 3,886 shares of Avery Dennison stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value of $663,262.48. Following the sale, the senior vice president owned 7,126 shares in the company, valued at $1,216,265.68. This represents a 35.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AVY shares. UBS Group increased their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup upped their price target on Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.10.

Avery Dennison Trading Up 1.1%

Shares of AVY stock traded up $1.87 during mid-day trading on Tuesday, reaching $177.43. The stock had a trading volume of 142,114 shares, compared to its average volume of 741,148. The stock’s 50-day moving average price is $173.84 and its two-hundred day moving average price is $167.19. The firm has a market capitalization of $13.45 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.79. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping 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 business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the business posted $2.42 EPS. The business’s 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. Equities analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were issued a $1.00 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.3%. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Avery Dennison Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops and produces labeling, packaging, graphic, and functional materials. Its products are used by businesses across industries including consumer goods, retail, logistics, apparel, automotive, healthcare, and industrial manufacturing.

The company’s offerings include pressure-sensitive labels and label materials, adhesives, industrial and specialty tapes, graphic films, and packaging materials.