Avery Dennison Corporation $AVY Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in Avery Dennison Corporation (NYSE:AVY) by 20,944.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,724 shares of the industrial products company’s stock after buying an additional 34,559 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Avery Dennison were worth $5,926,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stronghold Wealth Management L.L.C. acquired a new position in Avery Dennison during the third quarter worth about $153,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of Avery Dennison in the third quarter valued at about $253,000. Aspiriant LLC acquired a new stake in shares of Avery Dennison in the third quarter valued at approximately $167,000. Activest Wealth Management acquired a new stake in shares of Avery Dennison in the third quarter valued at approximately $27,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Avery Dennison by 616.5% in the third quarter. Assenagon Asset Management S.A. now owns 677,528 shares of the industrial products company’s stock valued at $115,634,000 after purchasing an additional 582,967 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup upped 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. Jefferies Financial Group reaffirmed a “hold” rating and issued a $181.00 target price on shares of Avery Dennison in a research note on Monday, September 28th. Weiss Ratings upgraded Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Bank of America reissued a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.10.

Insider Activity at Avery Dennison

In other Avery Dennison news, SVP Ignacio Walker sold 1,742 shares of the business’s stock in a transaction 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 directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nicholas Colisto sold 3,886 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president owned 7,126 shares of the company’s stock, valued at $1,216,265.68. This trade represents a 35.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is currently owned by insiders.

Avery Dennison Trading Up 0.3%

Shares of AVY stock opened at $175.79 on Tuesday. The firm has a 50-day moving average price of $173.84 and a 200 day moving average price of $167.19. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 17.22, a PEG 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 (NYSE:AVY) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.62% and a return on equity of 34.60%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Research analysts forecast that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

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

Avery Dennison Company 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.