Avery Dennison Corporation $AVY Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its holdings in Avery Dennison Corporation (NYSE:AVY) by 96.5% in the second quarter, Holdings Channel.com reports. The firm owned 11,774 shares of the industrial products company’s stock after selling 327,995 shares during the period. Schroder Investment Management Group’s holdings in Avery Dennison were worth $2,066,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P purchased a new stake in Avery Dennison in the 2nd quarter valued at about $46,000. Norges Bank acquired a new stake in shares of Avery Dennison in the second quarter worth approximately $174,425,000. Northwestern Mutual Wealth Management Co. grew its holdings in Avery Dennison by 1.8% in the second 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 during the period. State Board of Administration of Florida Retirement System increased its position in Avery Dennison by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 72,907 shares of the industrial products company’s stock worth $12,793,000 after purchasing an additional 410 shares during the last quarter. Finally, Korea Investment CORP raised its stake in Avery Dennison by 23.9% during the second quarter. Korea Investment CORP now owns 57,167 shares of the industrial products company’s stock worth $10,031,000 after purchasing an additional 11,045 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on AVY. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $181.00 to $218.00 in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Avery Dennison in a research report on Monday, November 24th. BMO Capital Markets restated an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Argus set a $200.00 price objective on Avery Dennison in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $179.23 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $206.45. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.43 and a beta of 1.01. The business has a 50-day moving average of $169.69 and a 200-day moving average of $172.69.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 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 analyst estimates of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.Avery Dennison’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, equities analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. Avery Dennison’s dividend payout ratio is 42.78%.

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.