Avery Dennison Corporation $AVY Stock Position Lowered by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its position in Avery Dennison Corporation (NYSE:AVY) by 0.4% in the 2nd quarter, Holdings Channel reports. The fund owned 186,291 shares of the industrial products company’s stock after selling 818 shares during the period. Anchor Capital Advisors LLC’s holdings in Avery Dennison were worth $32,688,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new position in Avery Dennison in the 1st quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 buying an additional 112 shares during the period. NewSquare Capital LLC increased its stake in Avery Dennison by 156.2% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after buying an additional 114 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Avery Dennison in the 2nd quarter valued at approximately $35,000. Finally, SouthState Corp increased its stake in Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock valued at $37,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Performance

Shares of AVY opened at $174.63 on Thursday. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $209.83. The company’s fifty day moving average is $166.92 and its 200-day moving average is $173.10. 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 firm has a market cap of $13.50 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99.

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

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.78%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AVY shares. Truist Financial dropped their price objective 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. BMO Capital Markets reiterated an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and increased their price target for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. Bank of America increased their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial increased their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.55.

Avery Dennison Company 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.