Avery Dennison Corporation $AVY Position Cut by Legal & General Group Plc

Legal & General Group Plc decreased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 443,401 shares of the industrial products company’s stock after selling 13,124 shares during the quarter. Legal & General Group Plc’s holdings in Avery Dennison were worth $77,804,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bayforest Capital Ltd bought a new stake in Avery Dennison in the 1st quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Avery Dennison by 193.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 112 shares during the period. NewSquare Capital LLC raised its holdings in shares of Avery Dennison by 156.2% during the second 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 last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Avery Dennison during the second quarter worth approximately $35,000. Finally, SouthState Corp grew its holdings in Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Argus set a $200.00 target price on Avery Dennison in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Avery Dennison in a report on Monday. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and increased their target price for the company from $181.00 to $218.00 in a research report on Thursday, October 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $210.00 price target on shares of Avery Dennison in a research report on Thursday, October 23rd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.55.

Avery Dennison Trading Up 1.8%

Shares of Avery Dennison stock opened at $170.53 on Wednesday. The business has a fifty day simple moving average of $167.91 and a 200-day simple moving average of $173.11. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $207.78. The firm has a market cap of $13.18 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. 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 (NYSE:AVY) last released its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company earned $2.33 earnings per share. 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. On average, equities analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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

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.