Korea Investment CORP Buys New Position in Avery Dennison Corporation $AVY

Korea Investment CORP purchased a new stake in Avery Dennison Corporation (NYSE:AVY) in the second quarter, HoldingsChannel.com reports. The firm purchased 57,902 shares of the industrial products company’s stock, valued at approximately $9,400,000.

A number of other large investors have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Avery Dennison by 8.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock valued at $30,857,000 after purchasing an additional 13,494 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Avery Dennison during the fourth quarter worth $2,546,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Avery Dennison by 59.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company’s stock valued at $12,221,000 after buying an additional 24,953 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in shares of Avery Dennison by 184.0% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,200 shares of the industrial products company’s stock valued at $2,583,000 after acquiring an additional 9,200 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Avery Dennison in the 4th quarter valued at $4,319,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AVY shares. Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Bank of America restated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Argus set a $175.00 target price on Avery Dennison in a report on Thursday, June 4th. Truist Financial dropped their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.22.

Avery Dennison Price Performance

Shares of AVY opened at $183.78 on Tuesday. The business’s 50-day moving average is $167.28 and its two-hundred day moving average is $170.18. The company has a market capitalization of $13.93 billion, a P/E ratio of 20.13, a P/E/G ratio of 3.01 and a beta of 0.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data 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 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 in the previous year, the firm posted $2.42 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Research analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Ignacio J. Walker sold 1,742 shares of the firm’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 transaction of $298,944.62. Following the sale, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.