Avery Dennison Corporation $AVY Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in Avery Dennison Corporation (NYSE:AVY) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,900 shares of the industrial products company’s stock after selling 7,528 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Avery Dennison worth $28,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bayforest Capital Ltd acquired a new stake in Avery Dennison in the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Avery Dennison by 193.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 112 shares during the period. NewSquare Capital LLC lifted its position in Avery Dennison by 156.2% in the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 114 shares during the period. Atlantic Union Bankshares Corp bought a new position in Avery Dennison during the second quarter valued at about $35,000. Finally, SouthState Corp boosted its position in shares of Avery Dennison by 195.7% during the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Performance

NYSE AVY opened at $172.42 on Thursday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $207.78. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. The company’s 50-day simple moving average is $168.07 and its 200 day simple moving average is $173.11. The stock has a market cap of $13.33 billion, a P/E ratio of 19.62, a PEG ratio of 2.39 and a beta of 0.99.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business 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. Avery Dennison’s 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, research analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $181.00 to $218.00 in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Citigroup reduced their price target on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. 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, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a research report on Monday. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average price target of $200.55.

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.