Korea Investment CORP Sells 47,852 Shares of Avery Dennison Corporation $AVY

Key Points

• Korea Investment CORP reduced its shareholdings in Avery Dennison Corporation by 50.9%, selling 47,852 shares to own a total of 46,122 shares valued at approximately $8.2 million.
• Several institutional investors, including Choreo LLC and Spire Wealth Management, have recently adjusted their positions in Avery Dennison, with Spire Wealth Management increasing its stake by an impressive 630.9%.
• Avery Dennison announced a quarterly dividend of $0.94 per share, representing an annualized yield of 2.1%, set to be paid on September 17th.

Korea Investment CORP decreased its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 50.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,122 shares of the industrial products company's stock after selling 47,852 shares during the period. Korea Investment CORP owned 0.06% of Avery Dennison worth $8,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Choreo LLC raised its stake in Avery Dennison by 1.5% during the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock worth $2,203,000 after buying an additional 185 shares during the period. Nomura Holdings Inc. acquired a new position in Avery Dennison during the 4th quarter worth approximately $496,000. Brown Advisory Inc. raised its stake in Avery Dennison by 3.6% during the 1st 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. GAMMA Investing LLC raised its stake in Avery Dennison by 9.4% during the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after buying an additional 207 shares during the period. Finally, Spire Wealth Management raised its stake 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 buying an additional 1,899 shares during the period. Institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

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

Avery Dennison Price Performance

Avery Dennison stock opened at $178.5150 on Friday. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $224.38. The business has a fifty day moving average price of $176.39 and a 200-day moving average price of $177.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The firm has a market capitalization of $13.92 billion, a P/E ratio of 20.04, a PEG ratio of 2.71 and a beta of 0.88.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 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 during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the company earned $2.42 earnings per share. The business'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. As a group, equities research analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.1%. Avery Dennison's dividend payout ratio (DPR) is currently 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.

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