Gulf International Bank UK Ltd Has $762,000 Stake in Avery Dennison Corporation $AVY

Key Points

• Gulf International Bank UK Ltd reduced its stake in Avery Dennison Corporation by 32.0%, selling 2,016 shares and owning 4,286 shares worth $762,000 according to its latest SEC filing.
• Avery Dennison announced a quarterly dividend of $0.94 per share to be paid on September 17th, representing an annual yield of 2.2% with a payout ratio of 42.20%.
• Despite a 0.7% year-over-year revenue decline, Avery Dennison reported earnings per share of $2.42 for the last quarter, slightly exceeding analysts' expectations.

Gulf International Bank UK Ltd decreased its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 32.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,286 shares of the industrial products company's stock after selling 2,016 shares during the period. Gulf International Bank UK Ltd's holdings in Avery Dennison were worth $762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Choreo LLC lifted its holdings in Avery Dennison by 1.5% during the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock valued at $2,203,000 after purchasing an additional 185 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Avery Dennison in the fourth quarter valued at about $496,000. Brown Advisory Inc. lifted its stake in shares of Avery Dennison by 3.6% during the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after buying an additional 76 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Avery Dennison by 9.4% during the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after buying an additional 207 shares during the period. Finally, Spire Wealth Management grew its stake in Avery Dennison by 630.9% in the 1st quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company's stock valued at $392,000 after buying an additional 1,899 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AVY. Bank of America increased their target price on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Argus cut Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on shares of Avery Dennison in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $175.00 price target on the stock. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison 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 company's stock. Based on data from MarketBeat, Avery Dennison has an average rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison Price Performance

AVY traded up $0.2030 during trading on Wednesday, hitting $175.4930. 537,108 shares of the stock traded hands, compared to its average volume of 746,420. The business has a 50 day moving average price of $176.42 and a 200 day moving average price of $177.12. 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 Corporation has a twelve month low of $157.00 and a twelve month high of $224.38. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.65 and a beta of 0.88.

Avery Dennison (NYSE:AVY - Get Free Report) last issued 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company posted $2.42 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

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 issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. Avery Dennison's payout ratio is 42.20%.

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.