Mutual of America Capital Management LLC Sells 378 Shares of Avery Dennison Corporation $AVY

Mutual of America Capital Management LLC lowered its holdings in Avery Dennison Corporation (NYSE:AVY) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,964 shares of the industrial products company’s stock after selling 378 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Avery Dennison were worth $1,573,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. bought a new stake in Avery Dennison during the second quarter worth about $662,000. Allianz Asset Management GmbH grew its stake in Avery Dennison by 23.8% during the second quarter. Allianz Asset Management GmbH now owns 18,792 shares of the industrial products company’s stock worth $3,297,000 after buying an additional 3,616 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in Avery Dennison during the second quarter worth about $3,096,000. AEGON ASSET MANAGEMENT UK Plc grew its stake in Avery Dennison by 40.1% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 200,295 shares of the industrial products company’s stock worth $35,114,000 after buying an additional 57,350 shares during the last quarter. Finally, Bayforest Capital Ltd grew its stake in Avery Dennison by 310.4% during the second quarter. Bayforest Capital Ltd now owns 632 shares of the industrial products company’s stock worth $111,000 after buying an additional 478 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AVY shares. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and raised their target price for the company from $181.00 to $218.00 in a research note on Thursday. BMO Capital Markets restated an “outperform” rating and issued a $210.00 target price on shares of Avery Dennison in a research note on Thursday. Bank of America raised their target price on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their price target for the company from $182.00 to $195.00 in a research note on Thursday. Finally, 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, September 29th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average target price of $200.60.

Avery Dennison Price Performance

Shares of AVY opened at $181.39 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $209.83. The stock has a market cap of $14.14 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.46 and a beta of 0.95. The stock’s 50-day moving average price is $166.72 and its two-hundred day moving average price is $172.73.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, equities analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is currently 42.78%.

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.