Versor Investments LP Decreases Stake in Avery Dennison Corporation $AVY

Versor Investments LP lowered its position in Avery Dennison Corporation (NYSE:AVY) by 55.1% in the 1st quarter, HoldingsChannel reports. The fund owned 2,402 shares of the industrial products company’s stock after selling 2,948 shares during the period. Versor Investments LP’s holdings in Avery Dennison were worth $427,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in AVY. Mariner LLC increased its holdings in Avery Dennison by 1.6% in the 4th quarter. Mariner LLC now owns 13,445 shares of the industrial products company’s stock worth $2,516,000 after acquiring an additional 213 shares during the last quarter. Jump Financial LLC purchased a new stake in Avery Dennison in the 4th quarter worth about $550,000. Canada Pension Plan Investment Board purchased a new stake in Avery Dennison in the 4th quarter worth about $2,358,000. GeoWealth Management LLC increased its holdings in Avery Dennison by 187.6% in the 4th quarter. GeoWealth Management LLC now owns 535 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 349 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in Avery Dennison by 23.9% in the 4th quarter. Forum Financial Management LP now owns 1,311 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.1%

AVY stock opened at $175.4930 on Thursday. 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 company’s 50 day moving average is $176.38 and its 200 day moving average is $177.11. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $224.38.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.04. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. Avery Dennison’s revenue for the quarter 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. Sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison’s dividend payout ratio is 42.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Argus lowered Avery Dennison from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. Wall Street Zen raised Avery Dennison from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Bank of America lifted their target price on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, Citigroup lifted their target price on Avery Dennison from $177.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.60.

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.