Sequoia Financial Advisors LLC Sells 310 Shares of Avery Dennison Corporation $AVY

Sequoia Financial Advisors LLC trimmed its stake in Avery Dennison Corporation (NYSE:AVY) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,774 shares of the industrial products company’s stock after selling 310 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Avery Dennison were worth $838,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new stake in Avery Dennison in the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Avery Dennison by 193.1% in the second 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 in the last quarter. SouthState Corp lifted its holdings in shares of Avery Dennison by 195.7% during the first 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. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Avery Dennison by 70.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 87 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in shares of Avery Dennison during the first quarter valued at $40,000. 94.17% of the stock is owned by institutional investors.

Avery Dennison Stock Down 0.0%

AVY stock opened at $159.34 on Friday. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $221.54. The business’s 50-day moving average is $166.87 and its two-hundred day moving average is $172.43. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.35 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last issued its quarterly 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 analysts’ expectations of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given 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 dividend payout ratio is presently 42.20%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group lowered their price target on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price target on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $207.00 price target (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Bank of America upped their price target on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Raymond James Financial upped their price target on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus target price of $195.30.

Avery Dennison Company 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.