Avery Dennison Corporation $AVY Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP has reduced its holdings in Avery Dennison Corporation by 55.1%, selling 2,948 shares and bringing its ownership down to 2,402 shares valued at $427,000.
• In recent analyst ratings, Avery Dennison's stock has been rated as a "Moderate Buy" with an average price target of $197.60, following upgrades from firms like JPMorgan Chase and Citigroup.
• The company declared a quarterly dividend of $0.94 per share, with an annualized yield of 2.1%, to be paid on September 17th to shareholders of record as of September 3rd.

Versor Investments LP cut its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 55.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,402 shares of the industrial products company's stock after selling 2,948 shares during the quarter. Versor Investments LP's holdings in Avery Dennison were worth $427,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Avery Dennison by 2.9% during 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 buying an additional 277,554 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Avery Dennison by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,225,309 shares of the industrial products company's stock worth $790,683,000 after buying an additional 150,572 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Avery Dennison by 12.9% in the fourth quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock valued at $409,014,000 after purchasing an additional 250,359 shares during the period. Lazard Asset Management LLC grew its position in shares of Avery Dennison by 4.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock valued at $344,603,000 after purchasing an additional 71,435 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock valued at $281,715,000 after purchasing an additional 233,062 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Raymond James Financial lifted their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup boosted their price target on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Argus downgraded Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Bank of America boosted 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, JPMorgan Chase & Co. boosted their price target on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and an average target price of $197.60.

Avery Dennison Stock Performance

Shares of NYSE:AVY traded down $2.4230 during trading on Monday, hitting $176.0770. 192,544 shares of the company traded hands, compared to its average volume of 740,400. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.75 and a beta of 0.88. The business's fifty day moving average is $176.39 and its 200-day moving average is $176.95. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $224.38. The company has a quick ratio of 0.70, a current ratio of 1.04 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 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company earned $2.42 earnings per share. The business's revenue 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, equities analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal 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 issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is 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.