DAVENPORT & Co LLC Trims Holdings in Avery Dennison Corporation $AVY

DAVENPORT & Co LLC trimmed its holdings in Avery Dennison Corporation (NYSE:AVY) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,585 shares of the industrial products company’s stock after selling 7,575 shares during the quarter. DAVENPORT & Co LLC owned about 0.37% of Avery Dennison worth $46,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. American Century Companies Inc. lifted its holdings in shares of Avery Dennison by 3.4% during the first quarter. American Century Companies Inc. now owns 21,070 shares of the industrial products company’s stock valued at $3,750,000 after purchasing an additional 688 shares during the last quarter. Wellington Management Group LLP bought a new position in Avery Dennison during the 1st quarter valued at approximately $2,663,000. Northwestern Mutual Wealth Management Co. raised its stake in Avery Dennison by 3.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,468 shares of the industrial products company’s stock valued at $795,000 after buying an additional 140 shares during the last quarter. Ieq Capital LLC bought a new stake in Avery Dennison in the first quarter worth $209,000. Finally, Transamerica Financial Advisors LLC grew its stake in shares of Avery Dennison by 800.0% in the first quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.1%

AVY opened at $181.29 on Wednesday. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.46 and a beta of 1.01. The firm has a 50 day moving average price of $174.34 and a 200-day moving average price of $172.79. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $196.40. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45.

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

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. Avery Dennison’s dividend payout ratio is currently 42.78%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AVY. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and upped their price target for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. Citigroup decreased their target price on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Truist Financial cut their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a report on Monday, October 13th. BMO Capital Markets restated an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, Argus set a $200.00 price objective on Avery Dennison in a research report on Tuesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.55.

About Avery Dennison

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.