New York Life Investment Management LLC Has $1.89 Million Stock Holdings in Avery Dennison Corporation $AVY

New York Life Investment Management LLC lowered its position in Avery Dennison Corporation (NYSE:AVY) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,752 shares of the industrial products company’s stock after selling 110 shares during the period. New York Life Investment Management LLC’s holdings in Avery Dennison were worth $1,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AVY. Amalgamated Bank raised its holdings in shares of Avery Dennison by 0.5% in the first quarter. Amalgamated Bank now owns 16,076 shares of the industrial products company’s stock valued at $2,861,000 after purchasing an additional 83 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of Avery Dennison in the first quarter valued at about $267,000. Teacher Retirement System of Texas raised its holdings in shares of Avery Dennison by 106.8% in the first quarter. Teacher Retirement System of Texas now owns 136,157 shares of the industrial products company’s stock valued at $24,232,000 after purchasing an additional 70,327 shares during the last quarter. Palisade Capital Management LP raised its holdings in shares of Avery Dennison by 50.7% in the first quarter. Palisade Capital Management LP now owns 10,052 shares of the industrial products company’s stock valued at $1,789,000 after purchasing an additional 3,380 shares during the last quarter. Finally, Calamos Advisors LLC raised its holdings in shares of Avery Dennison by 1.1% in the first quarter. Calamos Advisors LLC now owns 48,473 shares of the industrial products company’s stock valued at $8,627,000 after purchasing an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AVY. Raymond James Financial increased their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. 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 report on Monday, October 13th. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Bank of America raised their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, BMO Capital Markets restated an “outperform” rating and set a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Price Performance

AVY opened at $175.01 on Friday. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.39 and a beta of 0.95. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $166.90 and a 200-day moving average price of $172.99. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $209.83.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, topping 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 net margin of 7.93% and a return on equity of 33.67%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.78%.

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.