Retirement Systems of Alabama Sells 2,361 Shares of Avery Dennison Corporation $AVY

Retirement Systems of Alabama reduced its holdings in Avery Dennison Corporation (NYSE:AVY) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,010 shares of the industrial products company’s stock after selling 2,361 shares during the quarter. Retirement Systems of Alabama owned about 0.16% of Avery Dennison worth $21,409,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AVY. Vanguard Group Inc. increased its holdings in Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock worth $1,772,450,000 after purchasing an additional 277,554 shares in the last quarter. Nuveen LLC bought a new stake in Avery Dennison in the first quarter worth approximately $46,322,000. Victory Capital Management Inc. increased its holdings in Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock worth $281,715,000 after purchasing an additional 233,062 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Avery Dennison in the second quarter worth approximately $39,077,000. Finally, Wealthquest Corp bought a new stake in shares of Avery Dennison during the first quarter valued at approximately $31,544,000. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on AVY. Truist Financial decreased their price objective on 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 restated a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday, October 14th. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $182.00 to $195.00 in a report on Thursday, October 23rd. Argus set a $200.00 price objective on Avery Dennison in a report on Tuesday. Finally, Bank of America boosted their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.55.

Avery Dennison Trading Down 0.5%

Shares of Avery Dennison stock opened at $175.01 on Friday. The stock has a fifty day simple moving average of $166.90 and a 200 day simple moving average of $172.99. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $209.83. The company has a market capitalization of $13.65 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. Avery Dennison’s revenue was up 1.5% compared to the same quarter last year. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

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

Avery Dennison 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.