Sterling Capital Management LLC Reduces Stake in Avery Dennison Corporation $AVY

Sterling Capital Management LLC trimmed its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 62.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,513 shares of the industrial products company’s stock after selling 324,125 shares during the period. Sterling Capital Management LLC owned approximately 0.25% of Avery Dennison worth $33,605,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Bayforest Capital Ltd purchased a new stake in Avery Dennison in the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 valued at $30,000 after buying an additional 112 shares during the period. NewSquare Capital LLC boosted its stake in shares of 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 buying an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Avery Dennison during the second quarter worth about $35,000. Finally, SouthState Corp raised its position in 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 acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

NYSE AVY opened at $171.95 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $166.93 and its 200-day simple moving average is $173.09. The company has a market cap of $13.29 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $208.16.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.32 by $0.05. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. As a group, equities research analysts anticipate 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. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Avery Dennison’s payout ratio is 42.78%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVY. BMO Capital Markets reaffirmed an “outperform” rating and set a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. Truist Financial decreased 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 report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a research report on Tuesday, October 14th. JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Finally, Citigroup lowered their price target on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $200.55.

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.