BNP Paribas Financial Markets Sells 5,654 Shares of Avery Dennison Corporation $AVY

Key Points

• BNP Paribas Financial Markets reduced its stake in Avery Dennison Corporation by 3.0% to 183,361 shares, valued at approximately $32.63 million.
• Avery Dennison recently announced a quarterly dividend of $0.94 per share, representing an annualized yield of 2.2%.
• Following its latest quarterly earnings report, analysts have set new price targets for Avery Dennison, with estimates ranging from $177.00 to $207.00 and an average target of $197.60.

BNP Paribas Financial Markets lowered its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,361 shares of the industrial products company's stock after selling 5,654 shares during the period. BNP Paribas Financial Markets owned approximately 0.23% of Avery Dennison worth $32,633,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in shares of Avery Dennison in the first quarter valued at $27,000. SouthState Corp increased its stake in shares of Avery Dennison by 195.7% in the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock worth $37,000 after acquiring an additional 137 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Avery Dennison in the first quarter worth $40,000. Transamerica Financial Advisors LLC increased its stake in shares of Avery Dennison by 800.0% in the first quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company's stock worth $42,000 after acquiring an additional 208 shares during the last quarter. Finally, American National Bank & Trust acquired a new position in shares of Avery Dennison in the first quarter worth $49,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Performance

Shares of NYSE:AVY traded up $0.90 during midday trading on Friday, hitting $167.93. The company's stock had a trading volume of 636,835 shares, compared to its average volume of 571,805. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.59 and a beta of 0.90. The stock's 50 day simple moving average is $175.32 and its 200 day simple moving average is $176.22. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. 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 (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. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm's revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AVY. Raymond James Financial upped 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 downgraded shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. BMO Capital Markets reissued an "outperform" rating and set a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Citigroup increased their target price on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.