Great Lakes Advisors LLC Decreases Stock Holdings in Avery Dennison Corporation $AVY

Great Lakes Advisors LLC decreased its holdings in Avery Dennison Corporation (NYSE:AVY) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,061 shares of the industrial products company’s stock after selling 4,166 shares during the quarter. Great Lakes Advisors LLC owned 0.14% of Avery Dennison worth $19,654,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Aviva PLC raised its position in Avery Dennison by 12.6% in the 4th quarter. Aviva PLC now owns 69,030 shares of the industrial products company’s stock worth $12,555,000 after buying an additional 7,712 shares during the last quarter. Sepio Capital LP raised its position in Avery Dennison by 26.2% in the 4th quarter. Sepio Capital LP now owns 6,949 shares of the industrial products company’s stock worth $1,264,000 after buying an additional 1,442 shares during the last quarter. IFM Investors Pty Ltd raised its position in Avery Dennison by 1.6% in the 4th quarter. IFM Investors Pty Ltd now owns 22,413 shares of the industrial products company’s stock worth $4,076,000 after buying an additional 361 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Avery Dennison in the 4th quarter worth about $1,675,000. Finally, Meeder Asset Management Inc. purchased a new position in Avery Dennison in the 4th quarter worth about $384,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 1.9%

Shares of NYSE:AVY opened at $159.09 on Friday. The stock has a 50 day moving average of $163.46 and a 200 day moving average of $175.57. The company has a market cap of $12.17 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.68 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54.

Avery Dennison (NYSE:AVY) last announced 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. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, equities research analysts expect that Avery Dennison Corporation will post 10.05 EPS for the current year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a dividend of $1.00 per share. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Avery Dennison’s dividend payout ratio is presently 45.10%.

Wall Street Analysts Forecast Growth

AVY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target for the company. Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. Citigroup cut their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.33.

Avery Dennison Company 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.