Valley National Advisers Inc. Sells 8,592 Shares of Avery Dennison Corporation $AVY

Valley National Advisers Inc. decreased its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 94.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 469 shares of the industrial products company’s stock after selling 8,592 shares during the period. Valley National Advisers Inc.’s holdings in Avery Dennison were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Avery Dennison by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,017,906 shares of the industrial products company’s stock valued at $1,757,842,000 after buying an additional 58,643 shares in the last quarter. State Street Corp grew its stake in shares of Avery Dennison by 0.6% in the second quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock worth $639,871,000 after acquiring an additional 23,309 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Avery Dennison by 2.6% during the second quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock valued at $277,697,000 after acquiring an additional 40,803 shares in the last quarter. Norges Bank purchased a new position in shares of Avery Dennison in the 2nd quarter worth about $174,425,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Avery Dennison by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock worth $164,865,000 after purchasing an additional 129,189 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $182.49 on Monday. The company has a market capitalization of $14.10 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.48 and a beta of 1.01. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $196.40. The firm’s 50 day simple moving average is $175.69 and its two-hundred day simple moving average is $172.86. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 EPS 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm earned $2.33 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid 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 dividend yield of 2.1%. Avery Dennison’s dividend payout ratio is 42.78%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Argus set a $200.00 price objective on shares of Avery Dennison in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 22nd. Citigroup lowered their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. BMO Capital Markets restated an “outperform” rating and set a $210.00 price target on shares of Avery Dennison in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $182.00 to $195.00 in a research note on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Company Profile

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.