iA Global Asset Management Inc. Buys New Stake in Avery Dennison Corporation $AVY

iA Global Asset Management Inc. bought a new stake in shares of Avery Dennison Corporation (NYSE:AVY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,928 shares of the industrial products company’s stock, valued at approximately $714,000.

Other institutional investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC grew its stake in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 169 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Avery Dennison during the third quarter valued at $36,000. CYBER HORNET ETFs LLC bought a new position in Avery Dennison during the second quarter valued at $37,000. True Wealth Design LLC lifted its position in Avery Dennison by 285.7% during the fourth quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 160 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in Avery Dennison by 51.1% during the fourth quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 72 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Trading Up 0.5%

AVY stock opened at $156.95 on Tuesday. The company has a market capitalization of $12.01 billion, a PE ratio of 17.69, a P/E/G ratio of 2.69 and a beta of 0.84. Avery Dennison Corporation has a 12 month low of $156.02 and a 12 month high of $199.54. The firm’s 50-day moving average is $167.88 and its 200 day moving average is $177.50. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.41 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, research analysts anticipate that Avery Dennison Corporation will post 10.05 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $1.00 per share. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. Avery Dennison’s payout ratio is 42.39%.

Analyst Upgrades and Downgrades

Several research firms have commented on AVY. JPMorgan Chase & Co. lowered their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price for the company. Citigroup lowered their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Truist Financial restated a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Friday, March 27th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.11.

Insider Buying and Selling

In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director owned 211,147 shares of the company’s stock, valued at approximately $36,714,240.36. This trade represents a 8.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.81% of the company’s stock.

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.