Avery Dennison Corporation $AVY Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lowered its stake in Avery Dennison Corporation (NYSE:AVY) by 2.1% during the second quarter, Holdings Channel.com reports. The fund owned 9,622 shares of the industrial products company’s stock after selling 210 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Avery Dennison were worth $1,688,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AVY. Bayforest Capital Ltd acquired a new stake in Avery Dennison during the 1st quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Avery Dennison by 193.1% during the 2nd 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. SouthState Corp boosted its stake in Avery Dennison by 195.7% during the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Avery Dennison by 70.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in Avery Dennison during the 1st quarter worth $40,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

AVY has been the topic of several recent research reports. Raymond James Financial boosted their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research report on Saturday, September 27th. Bank of America boosted their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Citigroup reduced their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.80.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $163.42 on Friday. The stock has a fifty day moving average price of $168.69 and a 200 day moving average price of $173.66. The company has a market cap of $12.74 billion, a PE ratio of 18.34, a P/E/G ratio of 2.50 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $222.16.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, beating 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 business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the business posted $2.42 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Sell-side analysts forecast 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 issued a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Avery Dennison’s payout ratio is 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.