Avery Dennison Corporation $AVY Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lowered its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 29.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,563 shares of the industrial products company’s stock after selling 4,406 shares during the period. Mediolanum International Funds Ltd’s holdings in Avery Dennison were worth $1,855,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC grew its position in Avery Dennison by 33.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,634 shares of the industrial products company’s stock valued at $291,000 after buying an additional 406 shares in the last quarter. Burney Co. raised its position in shares of Avery Dennison by 11.1% during the 1st quarter. Burney Co. now owns 1,478 shares of the industrial products company’s stock worth $263,000 after buying an additional 148 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Avery Dennison by 12.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,459 shares of the industrial products company’s stock worth $1,683,000 after acquiring an additional 1,023 shares during the period. TD Asset Management Inc boosted its holdings in shares of Avery Dennison by 1.2% in the first quarter. TD Asset Management Inc now owns 365,625 shares of the industrial products company’s stock valued at $65,070,000 after acquiring an additional 4,400 shares in the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of Avery Dennison by 45.6% during the first quarter. HB Wealth Management LLC now owns 5,753 shares of the industrial products company’s stock valued at $1,024,000 after acquiring an additional 1,802 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVY has been the subject of a number of research analyst reports. Argus set a $200.00 target price on Avery Dennison in a research report on Tuesday, October 28th. BMO Capital Markets reissued an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and raised their target price for the company from $181.00 to $218.00 in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Finally, Citigroup cut their price target on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Stock Up 2.6%

Shares of Avery Dennison stock opened at $170.34 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $207.99. The firm has a market capitalization of $13.17 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The stock’s fifty day moving average is $167.77 and its 200-day moving average is $173.16.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.05. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is 42.78%.

About Avery Dennison

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.