Panagora Asset Management Inc. Has $1.78 Million Stock Holdings in Avery Dennison Corporation $AVY

Panagora Asset Management Inc. trimmed its position in shares of Avery Dennison Corporation (NYSE:AVY) by 45.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,119 shares of the industrial products company’s stock after selling 8,324 shares during the period. Panagora Asset Management Inc.’s holdings in Avery Dennison were worth $1,776,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lido Advisors LLC acquired a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $368,000. Loomis Sayles & Co. L P bought a new position in Avery Dennison in the second quarter worth $46,000. Norges Bank acquired a new stake in Avery Dennison during the second quarter worth $174,425,000. Northwestern Mutual Wealth Management Co. boosted its stake in Avery Dennison by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,547 shares of the industrial products company’s stock worth $798,000 after buying an additional 79 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Avery Dennison by 0.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 72,907 shares of the industrial products company’s stock valued at $12,793,000 after buying an additional 410 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

AVY has been the topic of several recent research reports. Truist Financial decreased their target price on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $181.00 to $218.00 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. Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $182.00 to $195.00 in a research note on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.55.

Avery Dennison Stock Down 0.4%

Shares of AVY opened at $174.90 on Friday. The company has a market capitalization of $13.52 billion, a P/E ratio of 19.90, a PEG ratio of 2.38 and a beta of 1.01. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $206.45. The business’s 50 day simple moving average is $169.32 and its 200-day simple moving average is $172.80. 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 (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.05. The firm had revenue of $2.22 billion during 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 posted $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. As a group, sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. Avery Dennison’s dividend payout ratio is currently 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.