TD Asset Management Inc Cuts Stake in Avery Dennison Corporation $AVY

Key Points

• TD Asset Management Inc has reduced its stake in Avery Dennison Corporation (NYSE:AVY) by 15.4%, now holding 309,478 shares worth approximately $54.3 million.
• Avery Dennison stock has experienced a slight decline of 0.4%, trading at $159.46, with a one-year price range between $156.23 and $222.16.
• The company has announced a quarterly dividend of $0.94 per share, translating to an annualized dividend of $3.76, and a dividend yield of 2.4%.

TD Asset Management Inc lowered its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 15.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 309,478 shares of the industrial products company's stock after selling 56,147 shares during the quarter. TD Asset Management Inc owned 0.40% of Avery Dennison worth $54,304,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Morningstar Investment Management LLC purchased a new position in Avery Dennison during the 2nd quarter worth $253,000. Moran Wealth Management LLC purchased a new stake in shares of Avery Dennison during the 2nd quarter worth $5,658,000. Bill Few Associates Inc. boosted its position in shares of Avery Dennison by 0.5% during the 2nd quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company's stock worth $2,341,000 after purchasing an additional 67 shares in the last quarter. MOKAN Wealth Management Inc. purchased a new stake in shares of Avery Dennison during the 2nd quarter worth $1,312,000. Finally, CWM LLC boosted its position in shares of Avery Dennison by 55.8% during the 2nd quarter. CWM LLC now owns 5,826 shares of the industrial products company's stock worth $1,022,000 after purchasing an additional 2,086 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on AVY shares. Raymond James Financial boosted their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup decreased their target price on shares of Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. UBS Group dropped their price target on Avery Dennison from $188.00 to $181.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Bank of America raised their price target on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Avery Dennison currently has an average rating of "Moderate Buy" and an average price target of $195.30.

Avery Dennison Stock Down 0.4%

AVY stock opened at $159.46 on Thursday. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $222.16. The stock has a market capitalization of $12.43 billion, a P/E ratio of 17.90, a PEG ratio of 2.36 and a beta of 0.95. The company has a 50 day moving average price of $167.31 and a two-hundred day moving average price of $172.75. 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 (NYSE:AVY - Get Free Report) last issued its quarterly 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 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 analyst estimates of $2.23 billion. During the same quarter in the prior year, the company posted $2.42 EPS. The business'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. As a group, sell-side analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison's dividend payout ratio is currently 42.20%.

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.

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