Cromwell Holdings LLC Trims Stake in Avery Dennison Corporation $AVY

Cromwell Holdings LLC lessened its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 36.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149 shares of the industrial products company’s stock after selling 86 shares during the period. Cromwell Holdings LLC’s holdings in Avery Dennison were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bayforest Capital Ltd bought a new stake in Avery Dennison during the 1st quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Avery Dennison by 193.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 112 shares in the last quarter. SouthState Corp grew its position in shares of Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after buying an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Avery Dennison by 70.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares during the last quarter. Finally, Costello Asset Management INC purchased a new position in Avery Dennison during the 1st quarter worth $40,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Trading Up 0.5%

AVY stock opened at $163.42 on Friday. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $222.16. The business’s 50-day moving average is $168.69 and its 200 day moving average is $173.66. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.50 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, September 3rd. Avery Dennison’s dividend payout ratio is presently 42.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America increased their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research report on Saturday, September 27th. Raymond James Financial raised their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.80.

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.