Russell Investments Group Ltd. Sells 1,641 Shares of Avery Dennison Corporation $AVY

Key Points

• Russell Investments Group Ltd. has reduced its stake in Avery Dennison Corporation by 2.5%, selling 1,641 shares during the first quarter, bringing its total to approximately $11.4 million.
• Analysts have a mixed outlook on Avery Dennison, with an average rating of "Moderate Buy" and a target price of $197.60, reflecting a consensus between buy and hold ratings.
• Avery Dennison recently declared a quarterly dividend of $0.94 per share, with an annualized rate of $3.76, resulting in a dividend yield of 2.2%.

Russell Investments Group Ltd. cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,178 shares of the industrial products company's stock after selling 1,641 shares during the period. Russell Investments Group Ltd. owned 0.08% of Avery Dennison worth $11,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Mariner LLC increased its stake in Avery Dennison by 1.6% during the 4th quarter. Mariner LLC now owns 13,445 shares of the industrial products company's stock worth $2,516,000 after purchasing an additional 213 shares in the last quarter. Jump Financial LLC bought a new stake in Avery Dennison during the 4th quarter worth approximately $550,000. Canada Pension Plan Investment Board bought a new stake in Avery Dennison during the 4th quarter worth approximately $2,358,000. CANADA LIFE ASSURANCE Co increased its stake in Avery Dennison by 4.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 66,931 shares of the industrial products company's stock worth $12,513,000 after purchasing an additional 2,742 shares in the last quarter. Finally, GeoWealth Management LLC increased its stake in Avery Dennison by 187.6% during the 4th quarter. GeoWealth Management LLC now owns 535 shares of the industrial products company's stock worth $100,000 after purchasing an additional 349 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Avery Dennison stock traded up $2.6350 during mid-day trading on Friday, hitting $178.5150. 728,206 shares of the company's stock traded hands, compared to its average volume of 606,248. The firm has a 50 day simple moving average of $176.39 and a two-hundred day simple moving average of $177.03. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.71 and a beta of 0.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70.

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

Avery Dennison Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AVY. Bank of America raised 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. Citigroup raised their price target on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Raymond James Financial raised 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. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison 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.