Royal Bank of Canada Has $28.80 Million Position in Avery Dennison Corporation $AVY

Royal Bank of Canada cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,796 shares of the industrial products company's stock after selling 15,097 shares during the period. Royal Bank of Canada owned about 0.21% of Avery Dennison worth $28,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVY. Bank of America Corp DE lifted its stake in Avery Dennison by 37.4% during the fourth quarter. Bank of America Corp DE now owns 632,738 shares of the industrial products company's stock worth $118,404,000 after purchasing an additional 172,172 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Avery Dennison by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 8,154 shares of the industrial products company's stock worth $1,526,000 after buying an additional 424 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Avery Dennison by 81.3% during the fourth quarter. Deutsche Bank AG now owns 465,479 shares of the industrial products company's stock worth $87,105,000 after buying an additional 208,678 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Avery Dennison by 10,797.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 116,821 shares of the industrial products company's stock worth $21,861,000 after buying an additional 115,749 shares in the last quarter. Finally, Ethic Inc. increased its holdings in shares of Avery Dennison by 6.8% during the fourth quarter. Ethic Inc. now owns 6,835 shares of the industrial products company's stock worth $1,279,000 after buying an additional 435 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Trading Down 1.7%

NYSE AVY traded down $2.84 on Friday, reaching $165.71. The company had a trading volume of 355,987 shares, compared to its average volume of 540,396. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 2.59 and a beta of 0.90. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The business has a 50 day moving average of $173.87 and a two-hundred day moving average of $175.66. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current 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 dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

Analyst Upgrades and Downgrades

AVY has been the subject of several research analyst reports. BMO Capital Markets reiterated an "outperform" rating and set a $207.00 price target (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Bank of America upped their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. 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 report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Avery Dennison has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

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.