Goldman Sachs Group Inc. Sells 255,536 Shares of Avery Dennison Corporation $AVY

Key Points

• Goldman Sachs Group Inc. has reduced its holdings in Avery Dennison Corporation by 30.1%, now owning 593,409 shares valued at approximately $105.6 million as of the end of the first quarter.
• Major institutional investors, including Vanguard and T. Rowe Price, have increased their stakes in Avery Dennison, highlighting ongoing interest in the stock.
• Analysts have varied price objectives for Avery Dennison, with a consensus target price at $197.60 and a consensus rating of "Moderate Buy" based on recent evaluations.

Goldman Sachs Group Inc. trimmed its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 593,409 shares of the industrial products company's stock after selling 255,536 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.76% of Avery Dennison worth $105,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in AVY. Grove Bank & Trust grew its holdings in shares of Avery Dennison by 17.7% in the first quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 59 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of Avery Dennison by 5.6% during the first quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company's stock worth $246,000 after purchasing an additional 73 shares during the period. Brown Advisory Inc. lifted its holdings in Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after buying an additional 76 shares during the period. Figure 8 Investment Strategies LLC lifted its holdings in shares of Avery Dennison by 1.1% during the first quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock valued at $1,404,000 after purchasing an additional 83 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Avery Dennison by 0.5% during the first quarter. Amalgamated Bank now owns 16,076 shares of the industrial products company's stock valued at $2,861,000 after acquiring an additional 83 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

AVY has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Raymond James Financial lifted their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. BMO Capital Markets reissued an "outperform" rating and issued a $207.00 price target (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Bank of America increased their target price on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Price Performance

AVY stock traded up $0.16 during trading on Thursday, hitting $165.10. The company had a trading volume of 970,480 shares, compared to its average volume of 553,458. 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 current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.54 and a beta of 0.90. The business has a 50 day moving average of $172.48 and a 200 day moving average of $175.08.

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 for the quarter, beating 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company earned $2.42 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.94 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Avery Dennison's dividend payout ratio (DPR) is 42.20%.

About Avery Dennison

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.