Sit Investment Associates Inc. Grows Stock Position in Avery Dennison Corporation $AVY

Sit Investment Associates Inc. boosted its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 6,746.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,450 shares of the industrial products company’s stock after purchasing an additional 41,830 shares during the quarter. Sit Investment Associates Inc.’s holdings in Avery Dennison were worth $7,721,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. DGS Capital Management LLC purchased a new stake in shares of Avery Dennison during the fourth quarter worth approximately $267,000. Astoria Portfolio Advisors LLC. purchased a new position in Avery Dennison in the fourth quarter worth approximately $212,000. Pacer Advisors Inc. lifted its stake in Avery Dennison by 9.0% in the fourth quarter. Pacer Advisors Inc. now owns 6,786 shares of the industrial products company’s stock worth $1,234,000 after acquiring an additional 562 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in Avery Dennison during the 4th quarter worth approximately $582,000. Finally, Dean Capital Management increased its position in shares of Avery Dennison by 3.2% in the 4th quarter. Dean Capital Management now owns 11,703 shares of the industrial products company’s stock valued at $2,129,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Down 0.6%

NYSE AVY opened at $158.60 on Friday. The firm’s fifty day moving average price is $162.38 and its 200 day moving average price is $175.17. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.74 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. The company had revenue of $2.30 billion during 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%. Avery Dennison’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts expect that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.5%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is presently 45.10%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AVY. Citigroup decreased their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Weiss Ratings cut Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. UBS Group decreased their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price objective for the company. Finally, Raymond James Financial set a $192.00 price objective on Avery Dennison in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $201.33.

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.