AlphaQuest LLC Reduces Holdings in Avery Dennison Corporation $AVY

Key Points

• AlphaQuest LLC has significantly reduced its holdings in Avery Dennison Corporation, decreasing its position by 59.2% during the first quarter, now owning 7,501 shares valued at approximately $1.33 million.
• Avery Dennison's stock increased by 1.5% recently, trading at $178.51, with a market cap of $13.92 billion and a P/E ratio of 20.04.
• Despite a net margin of 8.14% reported in the latest earnings release, Avery Dennison's revenue fell by 0.7% year-over-year, and the company has set an EPS guidance for Q3 2025 of $2.240-$2.400.

AlphaQuest LLC reduced its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 59.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,501 shares of the industrial products company's stock after selling 10,876 shares during the period. AlphaQuest LLC's holdings in Avery Dennison were worth $1,335,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AVY. Vanguard Group Inc. grew its stake in shares of Avery Dennison by 2.9% during the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock valued at $1,772,450,000 after acquiring an additional 277,554 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Avery Dennison by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company's stock valued at $756,262,000 after purchasing an additional 24,068 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Avery Dennison by 12.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock worth $409,014,000 after purchasing an additional 250,359 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Avery Dennison by 4.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock worth $344,603,000 after purchasing an additional 71,435 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Avery Dennison by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock valued at $281,715,000 after purchasing an additional 233,062 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Up 1.5%

AVY opened at $178.5150 on Friday. The firm has a market cap of $13.92 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.71 and a beta of 0.88. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. Avery Dennison Corporation has a twelve month low of $157.00 and a twelve month high of $224.38. The business has a 50 day moving average price of $176.39 and a 200 day moving average price of $177.03.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business earned $2.42 EPS. The firm's revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Research analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is presently 42.20%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Raymond James Financial upped their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Argus cut Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. BMO Capital Markets reiterated an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Finally, Bank of America increased their price target on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $197.60.

About Avery Dennison

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.

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