Assenagon Asset Management S.A. Has $1.02 Million Holdings in Avery Dennison Corporation $AVY

Assenagon Asset Management S.A. decreased its stake in Avery Dennison Corporation (NYSE:AVY) by 73.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,897 shares of the industrial products company’s stock after selling 16,306 shares during the period. Assenagon Asset Management S.A.’s holdings in Avery Dennison were worth $1,018,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC lifted its position in Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares during the period. Focus Partners Wealth grew its position in shares of Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after buying an additional 278 shares during the period. Intech Investment Management LLC bought a new stake in shares of Avery Dennison during the first quarter worth approximately $1,209,000. EverSource Wealth Advisors LLC lifted its holdings in Avery Dennison by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after buying an additional 242 shares during the period. Finally, Marshall Wace LLP acquired a new position in Avery Dennison in the second quarter valued at approximately $241,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. Truist Financial restated a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Finally, Raymond James Financial set a $192.00 price objective on shares of Avery Dennison in a research note on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.33.

Avery Dennison Trading Up 2.3%

AVY opened at $166.82 on Friday. The stock has a market capitalization of $12.76 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.82 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The firm’s fifty day simple moving average is $160.59 and its 200 day simple moving average is $174.18.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $2.30 EPS. Avery Dennison’s revenue for the quarter was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts anticipate that Avery Dennison Corporation will post 10 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $1.00 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avery Dennison’s dividend payout ratio (DPR) is 45.10%.

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.