Assetmark Inc. Has $279,000 Stake in Avery Dennison Corporation $AVY

Assetmark Inc. increased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 1,018.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,588 shares of the industrial products company’s stock after acquiring an additional 1,446 shares during the period. Assetmark Inc.’s holdings in Avery Dennison were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Avery Dennison by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock worth $1,772,450,000 after purchasing an additional 277,554 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Avery Dennison by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock worth $756,262,000 after acquiring an additional 24,068 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock valued at $281,715,000 after acquiring an additional 233,062 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Avery Dennison by 7.1% during the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock worth $274,392,000 after purchasing an additional 101,996 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Avery Dennison by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock worth $212,473,000 after acquiring an additional 14,667 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

AVY has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday, October 14th. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. 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 research report on Tuesday, July 15th. Argus set a $200.00 target price on shares of Avery Dennison in a report on Tuesday, October 28th. Finally, UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Stock Performance

NYSE:AVY opened at $173.86 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. The company has a 50 day simple moving average of $166.98 and a two-hundred day simple moving average of $173.12. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $207.99. The company has a market capitalization of $13.44 billion, a PE ratio of 19.78, a P/E/G ratio of 2.39 and a beta of 0.99.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.05. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business posted $2.33 EPS. Avery Dennison’s revenue for the quarter was up 1.5% compared to the same quarter last year. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently announced 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 2.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio 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.