Squarepoint Ops LLC Lowers Stock Position in Avery Dennison Corporation $AVY

Squarepoint Ops LLC lessened its stake in Avery Dennison Corporation (NYSE:AVY) by 64.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,655 shares of the industrial products company’s stock after selling 33,137 shares during the period. Squarepoint Ops LLC’s holdings in Avery Dennison were worth $3,273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AVY. Bayforest Capital Ltd purchased a new position in Avery Dennison in the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Avery Dennison by 193.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 112 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of Avery Dennison by 89.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Avery Dennison by 156.2% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after buying an additional 114 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Avery Dennison in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AVY shares. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $182.00 to $195.00 in a research note on Thursday, October 23rd. Argus set a $200.00 target price on shares of Avery Dennison in a research report on Tuesday, October 28th. Truist Financial cut their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research report on Monday, October 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, Citigroup dropped their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $182.92 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $172.11 and a 200-day moving average price of $172.66. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.49 and a beta of 1.01. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $196.40.

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

Avery Dennison Announces Dividend

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

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.