Avery Dennison Corporation $AVY Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its holdings in Avery Dennison Corporation by 3.1% in Q1, owning 96,056 shares worth approximately $17.1 million as of the end of the quarter.
• Analysts have mixed sentiments on Avery Dennison, with Bank of America raising its price target to $208 and Argus downgrading its rating to "hold," contributing to an average rating of "Moderate Buy."
• Avery Dennison announced a quarterly dividend of $0.94 per share, reflecting a 2.2% yield, which is set to be paid on September 17th to shareholders of record on September 3rd.

Great Lakes Advisors LLC lowered its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,056 shares of the industrial products company's stock after selling 3,036 shares during the period. Great Lakes Advisors LLC owned approximately 0.12% of Avery Dennison worth $17,095,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new position in Avery Dennison in the 1st quarter valued at approximately $27,000. SouthState Corp raised its stake in shares of Avery Dennison by 195.7% in the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 137 shares in the last quarter. Costello Asset Management INC purchased a new position in Avery Dennison in the first quarter valued at $40,000. Transamerica Financial Advisors LLC grew its stake in Avery Dennison by 800.0% during the 1st quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company's stock worth $42,000 after purchasing an additional 208 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in Avery Dennison during the 1st quarter worth about $49,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Down 1.7%

AVY stock traded down $2.84 during midday trading on Friday, reaching $165.71. 355,987 shares of the company were exchanged, compared to its average volume of 532,503. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $224.38. The stock's 50-day simple moving average is $173.87 and its 200 day simple moving average is $175.52. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.55 and a beta of 0.90.

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

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is 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 presently 42.20%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AVY shares. Raymond James Financial boosted their price objective on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup raised their target price on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, July 11th. JPMorgan Chase & Co. raised their target price 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. Wall Street Zen raised shares of Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets reaffirmed 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. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.