Amundi Sells 58,883 Shares of Avery Dennison Corporation $AVY

Amundi cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 10.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 482,154 shares of the industrial products company's stock after selling 58,883 shares during the period. Amundi owned 0.64% of Avery Dennison worth $78,270,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in Avery Dennison by 17,665.0% during the second quarter. California State Teachers Retirement System now owns 31,738,613 shares of the industrial products company's stock valued at $5,152,764,000 after purchasing an additional 31,559,955 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Avery Dennison in the 2nd quarter valued at about $1,052,464,000. Wellington Management Group LLP boosted its holdings in shares of Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company's stock valued at $942,039,000 after buying an additional 644,664 shares in the last quarter. Morgan Stanley grew its position in shares of Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company's stock worth $703,856,000 after buying an additional 647,795 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Avery Dennison by 0.9% during the 4th quarter. State Street Corp now owns 3,701,598 shares of the industrial products company's stock worth $673,247,000 after acquiring an additional 34,124 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $169.92 on Thursday. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The company has a market cap of $12.88 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. The company's 50 day moving average is $170.67 and its 200 day moving average is $168.66.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.47 by $0.42. The business had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts forecast that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Avery Dennison's dividend payout ratio (DPR) is presently 43.81%.

Analysts Set New Price Targets

AVY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Argus set a $175.00 price target on Avery Dennison in a research report on Thursday, June 4th. Citigroup increased their price objective on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Truist Financial lowered their price objective on Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Finally, Bank of America restated a "buy" rating on shares of Avery Dennison in a research note on Friday, August 14th. Seven 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.22.

Insider Activity

In other news, SVP Ignacio Walker sold 1,742 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the sale, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

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.

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