QRG Capital Management Inc. Sells 817 Shares of Avery Dennison Corporation $AVY

QRG Capital Management Inc. decreased its position in Avery Dennison Corporation (NYSE:AVY) by 15.8% during the second quarter, HoldingsChannel.com reports. The fund owned 4,339 shares of the industrial products company’s stock after selling 817 shares during the quarter. QRG Capital Management Inc.’s holdings in Avery Dennison were worth $761,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Avery Dennison in the 2nd quarter worth approximately $207,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Avery Dennison by 5.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,035 shares of the industrial products company’s stock worth $1,936,000 after acquiring an additional 543 shares during the last quarter. J. Safra Sarasin Holding AG bought a new stake in Avery Dennison in the 2nd quarter worth approximately $612,000. Pure Financial Advisors LLC increased its stake in Avery Dennison by 15.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 4,313 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 586 shares during the last quarter. Finally, USA Financial Formulas boosted its holdings in shares of Avery Dennison by 12.5% in the 2nd quarter. USA Financial Formulas now owns 1,063 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 118 shares during the period. Institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AVY shares. Bank of America lifted their target price on Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Raymond James Financial lifted their target price on Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a report on Saturday, September 27th. Citigroup dropped their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average target price of $196.00.

Avery Dennison Price Performance

AVY opened at $160.83 on Friday. The business has a fifty day moving average of $167.97 and a 200 day moving average of $173.25. Avery Dennison Corporation has a 52-week low of $157.00 and a 52-week high of $222.16. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The stock has a market cap of $12.54 billion, a P/E ratio of 18.05, a PEG ratio of 2.49 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the business earned $2.42 EPS. Avery Dennison’s revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.94 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Avery Dennison’s payout ratio is presently 42.20%.

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.