Assenagon Asset Management S.A. Raises Holdings in Avery Dennison Corporation $AVY

Assenagon Asset Management S.A. boosted its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 567.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,026 shares of the industrial products company’s stock after acquiring an additional 126,704 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Avery Dennison were worth $24,168,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Bayforest Capital Ltd acquired a new stake in shares of Avery Dennison during the 1st quarter worth about $27,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Avery Dennison by 89.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Avery Dennison by 193.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 112 shares during the period. NewSquare Capital LLC lifted its holdings in shares of Avery Dennison by 156.2% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 114 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Avery Dennison during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup cut their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a report on Monday. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and raised their target price for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. Truist Financial cut their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Argus set a $200.00 price target on shares of Avery Dennison in a research report on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.55.

Avery Dennison Stock Down 0.3%

Shares of Avery Dennison stock opened at $183.33 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $196.40. The company has a market capitalization of $14.17 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.49 and a beta of 1.01. The company has a 50 day moving average of $173.00 and a 200 day moving average of $172.82.

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

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 3rd. Avery Dennison’s 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.