Avery Dennison Corporation $AVY Shares Sold by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super cut its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 36.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,207 shares of the industrial products company’s stock after selling 16,187 shares during the period. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Avery Dennison were worth $4,949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVY. Vanguard Group Inc. grew its position in Avery Dennison by 2.9% during the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock valued at $1,772,450,000 after acquiring an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of 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 worth $756,262,000 after purchasing an additional 24,068 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Avery Dennison by 17.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock worth $281,715,000 after purchasing an additional 233,062 shares during the period. Invesco Ltd. raised its holdings in Avery Dennison by 7.1% in the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock valued at $274,392,000 after buying an additional 101,996 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Performance

NYSE:AVY opened at $159.46 on Thursday. The firm has a 50-day moving average of $167.31 and a two-hundred day moving average of $172.75. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The stock has a market cap of $12.43 billion, a P/E ratio of 17.90, a PEG ratio of 2.36 and a beta of 0.95. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $222.16.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm posted $2.42 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, research analysts expect that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, September 3rd. Avery Dennison’s payout ratio is 42.20%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AVY. Citigroup dropped their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Bank of America increased their price target on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Raymond James Financial raised their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. UBS Group decreased their target price on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Truist Financial dropped their target price on Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a report on Monday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $195.30.

Avery Dennison Company 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.