IFM Investors Pty Ltd Cuts Stock Position in Avery Dennison Corporation $AVY

IFM Investors Pty Ltd cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 13.9% during the first quarter, Holdings Channel.com reports. The fund owned 19,302 shares of the industrial products company’s stock after selling 3,111 shares during the period. IFM Investors Pty Ltd’s holdings in Avery Dennison were worth $3,333,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fieldview Capital Management LLC boosted its stake in Avery Dennison by 412.7% during the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock valued at $4,259,000 after buying an additional 21,142 shares during the last quarter. CPC Advisors LLC purchased a new position in Avery Dennison during the 4th quarter valued at approximately $1,464,000. Ameriprise Financial Inc. increased its stake in Avery Dennison by 30.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after acquiring an additional 435,156 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Avery Dennison during the 4th quarter worth approximately $2,546,000. Finally, Retirement Systems of Alabama boosted its position in shares of Avery Dennison by 87.9% during the 4th quarter. Retirement Systems of Alabama now owns 228,979 shares of the industrial products company’s stock valued at $41,647,000 after acquiring an additional 107,109 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $166.82 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average is $160.59 and its two-hundred day moving average is $174.13. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The company has a market capitalization of $12.76 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.89 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last issued 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. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, analysts expect that Avery Dennison Corporation will post 10 earnings per share for the current year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $1.00 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is currently 45.10%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective for the company. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a research report on Tuesday, April 21st. Argus set a $175.00 price objective on Avery Dennison in a research report on Thursday, June 4th. Finally, UBS Group lowered their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.33.

About Avery Dennison

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.