Legal & General Group Plc Makes New $62.79 Million Investment in Avery Dennison Corporation $AVY

Legal & General Group Plc purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 386,734 shares of the industrial products company’s stock, valued at approximately $62,786,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. boosted its position in Avery Dennison by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after buying an additional 54 shares during the last quarter. Huntington National Bank raised its position in shares of Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 56 shares during the last quarter. Resources Management Corp CT ADV lifted its stake in shares of Avery Dennison by 0.8% during the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after acquiring an additional 62 shares during the period. Rothschild Investment LLC lifted its stake in shares of Avery Dennison by 22.9% during the fourth quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 72 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Argus set a $175.00 price objective on Avery Dennison in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group lifted their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Bank of America restated a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Finally, Citigroup lifted their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.22.

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction 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 directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Avery Dennison Price Performance

Shares of AVY opened at $177.71 on Friday. The stock has a market cap of $13.47 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 2.28 and a beta of 0.81. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The stock’s 50-day moving average price is $168.88 and its two-hundred day moving average price is $169.98. 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 announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.Avery Dennison’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, equities analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be 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 is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio is presently 43.81%.

Avery Dennison Company 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.