Cramer Rosenthal Mcglynn LLC Has $15.95 Million Position in Avery Dennison Corporation $AVY

Key Points

• Cramer Rosenthal Mcglynn LLC has reduced its position in Avery Dennison Corporation by 15.4%, selling 16,320 shares in the 1st quarter, leaving them with 89,598 shares valued at approximately $15.9 million.
• Avery Dennison reported earnings per share of $2.42 for the last quarter, exceeding analysts' expectations of $2.38, although revenue was slightly below estimates.
• The company announced a quarterly dividend of $0.94, to be paid on September 17th, with a current dividend yield of 2.1%.

Cramer Rosenthal Mcglynn LLC lowered its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 15.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,598 shares of the industrial products company's stock after selling 16,320 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.11% of Avery Dennison worth $15,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Avery Dennison by 2.9% in 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 purchasing an additional 277,554 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Avery Dennison by 0.6% in the 1st 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 acquiring an additional 24,068 shares during the period. Ameriprise Financial Inc. grew its position in shares of Avery Dennison by 12.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock valued at $409,014,000 after acquiring an additional 250,359 shares during the period. Lazard Asset Management LLC grew its position in shares of Avery Dennison by 4.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock valued at $344,603,000 after acquiring an additional 71,435 shares during the period. Finally, Victory Capital Management Inc. grew 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 acquiring an additional 233,062 shares during the period. Institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America raised their target price 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. JPMorgan Chase & Co. raised their target price 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. Raymond James Financial raised their target price 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, Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Stock Performance

Avery Dennison stock traded up $0.43 during midday trading on Friday, hitting $171.51. The company's stock had a trading volume of 486,904 shares, compared to its average volume of 605,588. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $224.38. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The company has a 50-day moving average price of $176.21 and a two-hundred day moving average price of $176.74. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.63 and a beta of 0.88.

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

Avery Dennison Dividend Announcement

The company 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 $0.94 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison's payout ratio is presently 42.20%.

Avery Dennison Company 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.