Sterling Capital Management LLC Sells 108,598 Shares of Avery Dennison Corporation $AVY

Sterling Capital Management LLC reduced its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 81.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,822 shares of the industrial products company’s stock after selling 108,598 shares during the quarter. Sterling Capital Management LLC’s holdings in Avery Dennison were worth $4,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Avery Dennison by 16,900.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 169 shares during the period. Root Financial Partners LLC raised its holdings in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 73 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in Avery Dennison in the 4th quarter valued at approximately $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Avery Dennison in the 2nd quarter worth approximately $37,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Avery Dennison by 51.1% during the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 72 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $165.75 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The business’s fifty day moving average price is $161.10 and its two-hundred day moving average price is $174.60. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.85 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business earned $2.30 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, analysts predict that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $1.00 per share. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avery Dennison’s payout ratio is currently 45.10%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AVY. JPMorgan Chase & Co. cut their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a report on Tuesday, April 21st. Citigroup dropped their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Argus set a $175.00 target price on shares of Avery Dennison in a research report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $201.33.

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.