Alliancebernstein L.P. Trims Holdings in Avery Dennison Corporation $AVY

Alliancebernstein L.P. trimmed its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,833 shares of the industrial products company’s stock after selling 4,156 shares during the quarter. Alliancebernstein L.P. owned 0.11% of Avery Dennison worth $15,632,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in Avery Dennison in the 1st quarter worth about $27,000. SouthState Corp grew its stake in Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 137 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Avery Dennison during the first quarter worth approximately $40,000. Transamerica Financial Advisors LLC raised its stake in shares of Avery Dennison by 800.0% during the first quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 208 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Avery Dennison in the first quarter valued at approximately $49,000. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Price Performance

AVY opened at $168.58 on Friday. The firm has a market capitalization of $13.15 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 2.53 and a beta of 0.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The business’s 50-day moving average is $174.22 and its two-hundred day moving average is $175.80. Avery Dennison Corporation has a 1 year low of $157.00 and a 1 year high of $224.38.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm posted $2.42 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio is presently 42.20%.

Analysts Set New Price Targets

AVY has been the topic of several research reports. Citigroup raised their price objective on Avery Dennison from $177.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Wall Street Zen raised Avery Dennison from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. BMO Capital Markets restated an “outperform” rating and issued a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Raymond James Financial upped their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.60.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.