DAVENPORT & Co LLC Sells 7,575 Shares of Avery Dennison Corporation $AVY

DAVENPORT & Co LLC cut its holdings in Avery Dennison Corporation (NYSE:AVY) by 2.5% during the 3rd quarter, Holdings Channel reports. The fund owned 289,585 shares of the industrial products company’s stock after selling 7,575 shares during the period. DAVENPORT & Co LLC’s holdings in Avery Dennison were worth $46,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its position in Avery Dennison by 5.9% in the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock worth $613,000 after buying an additional 196 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Avery Dennison by 4.3% during the 2nd quarter. DNB Asset Management AS now owns 16,398 shares of the industrial products company’s stock valued at $2,877,000 after acquiring an additional 676 shares during the period. Assetmark Inc. increased its holdings in Avery Dennison by 1,018.3% in the 2nd quarter. Assetmark Inc. now owns 1,588 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 1,446 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Avery Dennison during the 2nd quarter worth approximately $1,180,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Avery Dennison by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,273 shares of the industrial products company’s stock valued at $4,676,000 after purchasing an additional 1,772 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 0.1%

Shares of Avery Dennison stock opened at $181.29 on Wednesday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $196.40. 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 business has a 50-day moving average price of $174.34 and a 200-day moving average price of $172.79. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.46 and a beta of 1.01.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities research analysts anticipate 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. Investors of record on Wednesday, December 3rd were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Avery Dennison’s payout ratio is currently 42.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AVY shares. Argus set a $200.00 price objective on shares of Avery Dennison in a research note on Tuesday, October 28th. Truist Financial cut their price target on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research note on Monday, October 13th. 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 research report on Thursday, October 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.55.

Avery Dennison Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.