Vestmark Advisory Solutions Inc. Sells 2,208 Shares of Avery Dennison Corporation $AVY

Vestmark Advisory Solutions Inc. reduced its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 50.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,164 shares of the industrial products company’s stock after selling 2,208 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Avery Dennison were worth $380,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Avery Dennison by 2.9% during 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 buying an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Avery Dennison by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock worth $756,262,000 after buying an additional 24,068 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of 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 valued at $281,715,000 after buying an additional 233,062 shares in the last quarter. Invesco Ltd. increased its position in shares of Avery Dennison by 7.1% during the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock worth $274,392,000 after acquiring an additional 101,996 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Avery Dennison by 1.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock valued at $212,473,000 after acquiring an additional 14,667 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Price Performance

Shares of Avery Dennison stock opened at $175.16 on Thursday. The business has a 50 day moving average of $167.27 and a 200 day moving average of $173.16. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $207.99. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. The company has a market cap of $13.54 billion, a PE ratio of 19.90, a P/E/G ratio of 2.39 and a beta of 0.99.

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

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio is presently 42.78%.

Analyst Ratings Changes

Several research analysts have weighed in on AVY shares. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $210.00 price target on shares of Avery Dennison in a report on Thursday, October 23rd. Argus set a $200.00 price objective on shares of Avery Dennison in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and three have given 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 price target of $200.55.

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.