Securian Asset Management Inc. Has $703,000 Stake in Avery Dennison Corporation $AVY

Securian Asset Management Inc. decreased its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 4.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,005 shares of the industrial products company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Avery Dennison were worth $703,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Choreo LLC increased its holdings in shares of Avery Dennison by 1.5% during the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company’s stock valued at $2,203,000 after acquiring an additional 185 shares during the last quarter. Fifth Third Bancorp grew its holdings in Avery Dennison by 5.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock valued at $613,000 after buying an additional 196 shares during the last quarter. Brown Advisory Inc. grew its holdings in Avery Dennison by 3.6% in the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock valued at $386,000 after buying an additional 76 shares during the last quarter. GAMMA Investing LLC grew its holdings in Avery Dennison by 9.4% in the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company’s stock valued at $429,000 after buying an additional 207 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Avery Dennison by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,273 shares of the industrial products company’s stock valued at $4,676,000 after buying an additional 1,772 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Price Performance

Shares of AVY stock opened at $181.39 on Friday. The stock has a 50 day moving average of $166.72 and a two-hundred day moving average of $172.61. The company has a current ratio of 1.26, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $209.83. The company has a market capitalization of $14.14 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.75 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $2.33 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. As a group, equities analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a yield of 2.1%. Avery Dennison’s payout ratio is currently 42.78%.

Analyst Ratings Changes

A number of analysts have issued reports on AVY shares. Citigroup lowered their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Bank of America raised their target price on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Raymond James Financial raised their target price on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $210.00 target price on shares of Avery Dennison in a report on Thursday. Finally, Truist Financial lowered their target price on Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and a consensus price target of $200.60.

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.