Bailard Inc. Sells 880 Shares of Avery Dennison Corporation $AVY

Bailard Inc. lowered its stake in Avery Dennison Corporation (NYSE:AVY) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the industrial products company’s stock after selling 880 shares during the quarter. Bailard Inc.’s holdings in Avery Dennison were worth $2,018,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Choreo LLC raised its holdings in shares of Avery Dennison by 1.5% during the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company’s stock worth $2,203,000 after acquiring an additional 185 shares in the last quarter. Fifth Third Bancorp increased its position in Avery Dennison by 5.9% in the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 196 shares during the last quarter. Brown Advisory Inc. raised its stake in Avery Dennison by 3.6% during the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 76 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Avery Dennison by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,273 shares of the industrial products company’s stock worth $4,676,000 after buying an additional 1,772 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Avery Dennison by 1,018.3% in the 2nd quarter. Assetmark Inc. now owns 1,588 shares of the industrial products company’s stock worth $279,000 after buying an additional 1,446 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $181.00 to $218.00 in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and increased their price target for the company from $182.00 to $195.00 in a report on Thursday, October 23rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $210.00 price target on shares of Avery Dennison in a research report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and a consensus price target of $200.55.

Avery Dennison Stock Performance

AVY stock opened at $173.97 on Thursday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $207.99. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.39 and a beta of 0.99. The business’s fifty day simple moving average is $167.27 and its two-hundred day simple moving average is $173.16. 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 (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the business posted $2.33 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 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, December 3rd. Avery Dennison’s payout ratio is currently 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.