Cramer Rosenthal Mcglynn LLC Decreases Stock Holdings 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 position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 15.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,598 shares of the industrial products company's stock after selling 16,320 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.11% of Avery Dennison worth $15,946,000 as of its most recent filing with the Securities & Exchange Commission.

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

Avery Dennison Price Performance

NYSE:AVY traded down $2.23 during trading hours on Thursday, reaching $171.03. 452,273 shares of the company were exchanged, compared to its average volume of 618,989. The stock's 50-day moving average is $176.29 and its 200-day moving average is $176.80. Avery Dennison Corporation has a twelve month low of $157.00 and a twelve month high of $224.38. The firm has a market cap of $13.34 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.67 and a beta of 0.88. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison's payout ratio is currently 42.20%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup upped their target price on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Bank of America lifted their price target on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $207.00 price target (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $197.60.

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.