Metis Global Partners LLC Sells 673 Shares of Avery Dennison Corporation $AVY

Metis Global Partners LLC cut its holdings in Avery Dennison Corporation (NYSE:AVY) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,766 shares of the industrial products company’s stock after selling 673 shares during the quarter. Metis Global Partners LLC’s holdings in Avery Dennison were worth $1,714,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AVY. Vanguard Group Inc. raised its holdings in shares of Avery Dennison by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock valued at $1,772,450,000 after purchasing an additional 277,554 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Avery Dennison by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock valued at $756,262,000 after buying an additional 24,068 shares during the period. Victory Capital Management Inc. raised 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 worth $281,715,000 after buying an additional 233,062 shares in the last quarter. Invesco Ltd. raised its stake in Avery Dennison by 7.1% in the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock worth $274,392,000 after buying an additional 101,996 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Avery Dennison by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock worth $212,473,000 after buying an additional 14,667 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $173.51 on Tuesday. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $207.99. The company has a market cap of $13.41 billion, a PE ratio of 19.74, a P/E/G ratio of 2.39 and a beta of 0.99. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. The business has a 50-day simple moving average of $167.02 and a two-hundred day simple moving average of $173.13.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.05. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 earnings per share. 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 fiscal year.

Avery Dennison Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AVY. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday, October 14th. Citigroup cut their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Raymond James Financial boosted their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. BMO Capital Markets restated an “outperform” rating and issued a $210.00 price target on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, Truist Financial cut their price objective on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.