ASR Vermogensbeheer N.V. Has $2.59 Million Stock Position in Avery Dennison Corporation $AVY

ASR Vermogensbeheer N.V. cut its holdings in Avery Dennison Corporation (NYSE:AVY) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,778 shares of the industrial products company’s stock after selling 916 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Avery Dennison were worth $2,593,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AVY. DAVENPORT & Co LLC boosted its stake in Avery Dennison by 905.0% in the first quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company’s stock valued at $57,503,000 after buying an additional 291,848 shares in the last quarter. Vanguard Group Inc. boosted its stake in Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock valued at $1,772,450,000 after buying an additional 277,554 shares in the last quarter. Nuveen LLC acquired a new stake in Avery Dennison in the first quarter valued at about $46,322,000. Johnson Investment Counsel Inc. boosted its stake in Avery Dennison by 1,305.6% in the first quarter. Johnson Investment Counsel Inc. now owns 264,452 shares of the industrial products company’s stock valued at $47,065,000 after buying an additional 245,638 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in 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 buying an additional 233,062 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AVY. Bank of America lifted their price target on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Raymond James Financial lifted their price target on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Saturday, September 27th. BMO Capital Markets reissued an “outperform” rating and set a $207.00 price target (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Finally, Citigroup cut their price target on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average price target of $196.80.

Avery Dennison Price Performance

Shares of AVY opened at $163.42 on Friday. Avery Dennison Corporation has a 1 year low of $157.00 and a 1 year high of $222.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.50 and a beta of 0.95. The business has a 50-day moving average of $168.69 and a 200-day moving average of $173.66.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company earned $2.42 earnings per share. The firm’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 research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, September 3rd. Avery Dennison’s payout ratio is presently 42.20%.

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.