Robeco Institutional Asset Management B.V. Sells 15,527 Shares of Avery Dennison Corporation $AVY

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Avery Dennison Corporation by 19.5%, selling 15,527 shares and retaining a total of 64,221 shares valued at approximately $11.27 million.
• Analysts have set new price targets for Avery Dennison, with several firms adjusting their ratings, including BMO Capital Markets lowering its target from $216.00 to $207.00.
• Avery Dennison announced a quarterly dividend of $0.94 per share, representing an annualized dividend of $3.76, with a current dividend yield of 2.3%.

Robeco Institutional Asset Management B.V. lessened its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 19.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,221 shares of the industrial products company's stock after selling 15,527 shares during the period. Robeco Institutional Asset Management B.V. owned 0.08% of Avery Dennison worth $11,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock worth $1,772,450,000 after purchasing an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Avery Dennison by 0.6% in the 1st 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 buying an additional 24,068 shares during the period. Victory Capital Management Inc. raised its position in shares of Avery Dennison by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock valued at $281,715,000 after buying an additional 233,062 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Avery Dennison by 7.1% during the 1st quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company's stock worth $274,392,000 after acquiring an additional 101,996 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Avery Dennison by 1.2% during the 1st 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 in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVY has been the subject of several research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Avery Dennison in a research report on Saturday, September 27th. BMO Capital Markets restated an "outperform" rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Raymond James Financial raised their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Avery Dennison has an average rating of "Moderate Buy" and an average target price of $196.80.

Avery Dennison Stock Performance

NYSE:AVY opened at $163.42 on Monday. The stock's 50-day moving average is $168.69 and its 200-day moving average is $173.61. The stock has a market cap of $12.74 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $222.16. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results 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 firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the firm posted $2.42 EPS. The company's revenue for the quarter 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 anticipate 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. Investors of record on Wednesday, September 3rd were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison's dividend payout ratio (DPR) is currently 42.20%.

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.

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