Curi RMB Capital LLC Sells 46,455 Shares of Avery Dennison Corporation $AVY

Key Points

• Curi RMB Capital LLC reduced its holdings in Avery Dennison Corporation by 53.6%, selling 46,455 shares and bringing its total ownership down to 40,217 shares worth approximately $7.16 million.
• Several institutional investors, including Vanguard and T. Rowe Price, have increased their stakes in Avery Dennison, reflecting a growing interest in the company.
• Avery Dennison announced a quarterly dividend of $0.94 per share, resulting in an annualized basis dividend of $3.76 and a dividend yield of 2.3% for shareholders.

Curi RMB Capital LLC lowered its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 53.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,217 shares of the industrial products company's stock after selling 46,455 shares during the quarter. Curi RMB Capital LLC owned 0.05% of Avery Dennison worth $7,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AVY. Vanguard Group Inc. grew its stake in shares of Avery Dennison by 2.9% in the 1st 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 during the period. T. Rowe Price Investment Management Inc. grew its position in Avery Dennison by 0.6% in the first 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. Lazard Asset Management LLC grew its position in Avery Dennison by 4.0% in the fourth 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. Victory Capital Management Inc. grew its position in Avery Dennison by 17.3% in the first 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. Finally, Invesco Ltd. grew its holdings in shares of Avery Dennison by 7.1% in the 1st quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company's stock worth $274,392,000 after purchasing an additional 101,996 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AVY. Citigroup upped their target price on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. JPMorgan Chase & Co. upped their price objective 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. Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Bank of America increased their price target on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial increased their price target on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $197.60.

Avery Dennison Stock Up 0.1%

NYSE:AVY opened at $166.89 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $224.38. The firm has a market capitalization of $13.01 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.57 and a beta of 0.90. The stock's fifty day simple moving average is $175.48 and its 200-day simple moving average is $176.37.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter last year, the business earned $2.42 earnings per share. The company's revenue 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 expect that Avery Dennison Corporation will post 9.96 earnings per share for the current 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 given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio (DPR) is currently 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.

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