AEGON ASSET MANAGEMENT UK Plc Has $31.50 Million Stock Holdings in Avery Dennison Corporation $AVY

AEGON ASSET MANAGEMENT UK Plc decreased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,282 shares of the industrial products company’s stock after selling 6,013 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.25% of Avery Dennison worth $31,501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Avery Dennison by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,017,906 shares of the industrial products company’s stock worth $1,757,842,000 after purchasing an additional 58,643 shares in the last quarter. State Street Corp raised its position 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 valued at $639,871,000 after buying an additional 23,309 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Avery Dennison by 2.6% in the second quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock valued at $277,697,000 after buying an additional 40,803 shares during the period. Norges Bank acquired a new stake in Avery Dennison during the second quarter worth approximately $174,425,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Avery Dennison by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 967,013 shares of the industrial products company’s stock worth $156,820,000 after acquiring an additional 27,451 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Price Performance

Shares of AVY opened at $187.39 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. The stock has a market cap of $14.48 billion, a PE ratio of 21.32, a PEG ratio of 3.17 and a beta of 1.00. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $196.40. The business has a 50-day simple moving average of $179.77 and a two-hundred day simple moving average of $173.80.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AVY. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a research report on Thursday, October 23rd. Argus set a $200.00 price objective on shares of Avery Dennison in a research report on Tuesday, October 28th. 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. Truist Financial boosted their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, UBS Group raised 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 report on Thursday, October 23rd. Nine research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.36.

Avery Dennison 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.