Public Employees Retirement System of Ohio Cuts Position in Avery Dennison Corporation $AVY

Public Employees Retirement System of Ohio lessened its stake in Avery Dennison Corporation (NYSE:AVY) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,150 shares of the industrial products company’s stock after selling 521 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Avery Dennison were worth $4,238,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ballentine Partners LLC purchased a new position in shares of Avery Dennison in the 2nd quarter valued at about $260,000. Fifth Third Bancorp increased its holdings in Avery Dennison by 5.9% during the 2nd quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 196 shares in the last quarter. CHICAGO TRUST Co NA increased its holdings in Avery Dennison by 15.9% during the 2nd quarter. CHICAGO TRUST Co NA now owns 6,555 shares of the industrial products company’s stock valued at $1,150,000 after acquiring an additional 897 shares in the last quarter. GAMMA Investing LLC increased its holdings in Avery Dennison by 15.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,772 shares of the industrial products company’s stock valued at $486,000 after acquiring an additional 363 shares in the last quarter. Finally, Matrix Trust Co increased its holdings in Avery Dennison by 11.3% during the 2nd quarter. Matrix Trust Co now owns 836 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AVY. Raymond James Financial raised their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. 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 report on Wednesday, July 23rd. BMO Capital Markets restated an “outperform” rating and set a $207.00 target price (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Citigroup decreased their price target on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Bank of America raised their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.80.

Avery Dennison Price Performance

Avery Dennison stock opened at $160.28 on Tuesday. Avery Dennison Corporation has a 1 year low of $157.00 and a 1 year high of $222.79. The firm has a 50 day moving average price of $170.03 and a 200 day moving average price of $174.06. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.47 and a beta of 0.90. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04.

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

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison’s payout ratio is 42.20%.

About Avery Dennison

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.