US Bancorp DE Cuts Stock Position in Avery Dennison Corporation $AVY

US Bancorp DE cut its holdings in Avery Dennison Corporation (NYSE:AVY) by 7.6% in the second quarter, HoldingsChannel reports. The firm owned 31,156 shares of the industrial products company’s stock after selling 2,563 shares during the quarter. US Bancorp DE’s holdings in Avery Dennison were worth $5,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in Avery Dennison by 9.4% during the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company’s stock worth $429,000 after buying an additional 207 shares during the period. Assenagon Asset Management S.A. boosted its stake in Avery Dennison by 73.8% during the first quarter. Assenagon Asset Management S.A. now owns 21,256 shares of the industrial products company’s stock worth $3,783,000 after buying an additional 9,024 shares during the period. CX Institutional purchased a new position in Avery Dennison during the first quarter worth $118,000. Wealth Enhancement Advisory Services LLC boosted its stake in Avery Dennison by 1.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company’s stock worth $2,169,000 after buying an additional 217 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Avery Dennison by 2.3% during the first quarter. Exchange Traded Concepts LLC now owns 4,210 shares of the industrial products company’s stock worth $749,000 after buying an additional 96 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVY has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research note on Monday. Bank of America lifted their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. UBS Group lowered their target price on shares of Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.30.

Avery Dennison Stock Performance

AVY stock opened at $157.58 on Tuesday. The company has a market capitalization of $12.29 billion, a P/E ratio of 17.69, a PEG ratio of 2.34 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. The business has a 50-day moving average price of $167.63 and a 200 day moving average price of $172.93. 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 earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.04. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company 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. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.4%. Avery Dennison’s payout ratio is currently 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.