Avery Dennison Corporation $AVY Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 4.5% during the first quarter, Holdings Channel.com reports. The fund owned 87,833 shares of the industrial products company’s stock after selling 4,156 shares during the period. Alliancebernstein L.P.’s holdings in Avery Dennison were worth $15,632,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AVY. Vanguard Group Inc. boosted its stake in Avery Dennison by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock worth $1,772,450,000 after purchasing an additional 277,554 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Avery Dennison by 0.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock valued at $756,262,000 after purchasing an additional 24,068 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock worth $281,715,000 after buying an additional 233,062 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Avery Dennison by 7.1% during the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock worth $274,392,000 after buying an additional 101,996 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Avery Dennison by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock valued at $212,473,000 after buying an additional 14,667 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Up 2.3%

Avery Dennison stock opened at $168.58 on Friday. The business’s 50-day moving average price is $174.22 and its 200 day moving average price is $175.80. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 2.53 and a beta of 0.90. Avery Dennison Corporation has a 52 week low of $157.00 and a 52 week high of $224.38.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the company earned $2.42 EPS. The business’s revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison’s dividend payout ratio is presently 42.20%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AVY shares. JPMorgan Chase & Co. raised their target price on Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Raymond James Financial increased their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Wall Street Zen upgraded Avery Dennison from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Bank of America raised their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $197.60.

Avery Dennison Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.