ABN Amro Investment Solutions lowered its position in Avery Dennison Corporation (NYSE:AVY – Free Report) by 31.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,570 shares of the industrial products company’s stock after selling 7,610 shares during the quarter. ABN Amro Investment Solutions’ holdings in Avery Dennison were worth $2,687,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Portside Wealth Group LLC raised its holdings in shares of Avery Dennison by 4.7% in the 3rd quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock worth $217,000 after buying an additional 60 shares in the last quarter. Resources Management Corp CT ADV raised its stake in Avery Dennison by 0.8% during the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after acquiring an additional 62 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Avery Dennison by 0.3% during the third quarter. Arizona State Retirement System now owns 23,151 shares of the industrial products company’s stock valued at $3,754,000 after acquiring an additional 71 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Avery Dennison by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,547 shares of the industrial products company’s stock valued at $798,000 after purchasing an additional 79 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of Avery Dennison by 89.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 80 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Argus set a $200.00 price objective on Avery Dennison in a research report on Tuesday, October 28th. Truist Financial boosted their price objective on Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Citigroup raised their target price on Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.45.
Insider Buying and Selling
In other news, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the transaction, the senior vice president owned 7,588 shares of the company’s stock, valued at $1,464,104.60. This represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.84% of the company’s stock.
Avery Dennison Trading Up 0.1%
AVY stock opened at $195.76 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $197.54. The company has a market cap of $15.13 billion, a P/E ratio of 22.30, a PEG ratio of 3.48 and a beta of 1.00. The business has a fifty day moving average of $185.21 and a 200-day moving average of $175.03.
Avery Dennison (NYSE:AVY – Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $2.38 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. As a group, equities research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.
Avery Dennison Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.82%.
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.
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