Ferguson Wellman Capital Management Inc. Sells 115,197 Shares of Avery Dennison Corporation $AVY

Ferguson Wellman Capital Management Inc. trimmed its position in shares of Avery Dennison Corporation (NYSE:AVY) by 79.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,009 shares of the industrial products company’s stock after selling 115,197 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Avery Dennison were worth $4,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in Avery Dennison during the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Avery Dennison by 193.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 112 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in shares of Avery Dennison by 89.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of Avery Dennison by 156.2% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 114 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Avery Dennison in the second quarter worth approximately $35,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on AVY shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $182.00 to $195.00 in a research report on Thursday, October 23rd. Argus set a $200.00 target price on Avery Dennison in a report on Tuesday, October 28th. Citigroup lifted their target price on Avery Dennison from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Truist Financial upped their price target on Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.36.

Avery Dennison Trading Up 3.0%

Shares of Avery Dennison stock opened at $186.03 on Friday. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $196.40. 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 market capitalization of $14.38 billion, a P/E ratio of 21.16, a P/E/G ratio of 3.04 and a beta of 1.00. The company has a fifty day moving average of $176.88 and a 200 day moving average of $173.33.

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 return on equity of 33.67% and a net margin of 7.93%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The business’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. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is 42.78%.

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.