Fiduciary Management Inc. WI Lowers Holdings in Avery Dennison Corporation $AVY

Key Points

• Fiduciary Management Inc. WI has reduced its stake in Avery Dennison Corporation by 3.4%, now owning 1,292,477 shares valued at approximately $230 million, making it the 12th largest position in their portfolio.
• Analysts have issued mixed ratings on Avery Dennison, with a consensus rating of "Moderate Buy" and an average price target of $197.60 as several firms adjust their price objectives.
• Avery Dennison announced a quarterly dividend of $0.94 per share, reflecting an annualized yield of 2.1%, with the ex-dividend date set for September 3rd.

Fiduciary Management Inc. WI lowered its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,292,477 shares of the industrial products company's stock after selling 44,816 shares during the period. Avery Dennison makes up approximately 2.2% of Fiduciary Management Inc. WI's portfolio, making the stock its 12th biggest holding. Fiduciary Management Inc. WI owned about 1.65% of Avery Dennison worth $230,022,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norinchukin Bank The increased its stake in Avery Dennison by 17.6% in the 1st quarter. Norinchukin Bank The now owns 4,887 shares of the industrial products company's stock valued at $870,000 after buying an additional 730 shares during the period. CW Advisors LLC boosted its holdings in shares of Avery Dennison by 32.6% in the first quarter. CW Advisors LLC now owns 18,556 shares of the industrial products company's stock valued at $3,302,000 after acquiring an additional 4,565 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Avery Dennison by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company's stock worth $212,473,000 after acquiring an additional 14,667 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Avery Dennison by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company's stock worth $756,262,000 after purchasing an additional 24,068 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in Avery Dennison in the first quarter valued at about $6,092,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Price Performance

Shares of AVY traded down $0.03 during mid-day trading on Wednesday, reaching $173.20. 248,842 shares of the company's stock were exchanged, compared to its average volume of 738,383. 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 52-week low of $157.00 and a 52-week high of $224.38. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.70 and a beta of 0.88. The company has a 50-day simple moving average of $176.36 and a two-hundred day simple moving average of $176.90.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.Avery Dennison's quarterly revenue 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 predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVY. Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. 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 note on Wednesday, July 23rd. Bank of America upped their price objective on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. BMO Capital Markets reissued an "outperform" rating and issued a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Finally, 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. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Avery Dennison currently has an average rating of "Moderate Buy" and an average price target 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.