Avery Dennison Corporation $AVY Holdings Decreased by Citigroup Inc.

Citigroup Inc. lessened its stake in Avery Dennison Corporation (NYSE:AVY) by 14.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,147 shares of the industrial products company’s stock after selling 12,583 shares during the period. Citigroup Inc. owned 0.10% of Avery Dennison worth $12,511,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC increased its stake in shares of Avery Dennison by 89.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 80 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in Avery Dennison in the third quarter worth approximately $29,000. NewSquare Capital LLC increased its position in shares of Avery Dennison by 156.2% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 114 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Avery Dennison in the 2nd quarter worth $35,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Avery Dennison in the 2nd quarter worth $37,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Price Performance

NYSE AVY opened at $196.15 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $199.54. The company has a market cap of $15.08 billion, a PE ratio of 22.34, a PEG ratio of 3.51 and a beta of 1.00. The stock’s 50-day moving average price is $188.17 and its two-hundred day moving average price is $176.79.

Avery Dennison (NYSE:AVY) last released its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.05. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $2.38 earnings per share. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.94 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.9%. Avery Dennison’s dividend payout ratio is presently 42.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BMO Capital Markets raised their target price on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Citigroup lifted their price objective on shares of Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Finally, Truist Financial raised their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average price target of $208.45.

Insider Activity at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the completion of the sale, the senior vice president directly owned 7,588 shares of the company’s stock, valued at approximately $1,464,104.60. This represents a 13.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is currently owned by company insiders.

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.