Allianz Asset Management GmbH Grows Holdings in Avery Dennison Corporation $AVY

Allianz Asset Management GmbH increased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 23.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,792 shares of the industrial products company’s stock after purchasing an additional 3,616 shares during the quarter. Allianz Asset Management GmbH’s holdings in Avery Dennison were worth $3,297,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Generali Asset Management SPA SGR bought a new stake in shares of Avery Dennison in the second quarter valued at approximately $3,096,000. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Avery Dennison by 40.1% in the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 200,295 shares of the industrial products company’s stock valued at $35,114,000 after purchasing an additional 57,350 shares during the period. Bayforest Capital Ltd raised its position in shares of Avery Dennison by 310.4% in the second quarter. Bayforest Capital Ltd now owns 632 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 478 shares during the period. Boston Trust Walden Corp raised its position in shares of Avery Dennison by 4.7% in the second quarter. Boston Trust Walden Corp now owns 308,463 shares of the industrial products company’s stock valued at $54,126,000 after purchasing an additional 13,754 shares during the period. Finally, Morningstar Investment Management LLC bought a new stake in shares of Avery Dennison in the second quarter valued at approximately $253,000. Institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

AVY has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $182.00 to $195.00 in a report on Thursday. Raymond James Financial upped 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. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and upped their target price for the stock from $181.00 to $218.00 in a report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a report on Thursday. Finally, Truist Financial decreased their target price on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Avery Dennison currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.60.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $181.39 on Friday. The company’s fifty day moving average price is $166.72 and its 200-day moving average price is $172.61. The firm has a market capitalization of $14.14 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.75 and a beta of 0.95. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $209.83. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.70.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The business’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 firm earned $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, equities research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given 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 yield of 2.1%. Avery Dennison’s dividend payout ratio is presently 42.78%.

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.