UNIVEST FINANCIAL Corp Cuts Stock Holdings in Avery Dennison Corporation $AVY

UNIVEST FINANCIAL Corp trimmed its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 72.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,172 shares of the industrial products company’s stock after selling 3,085 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Avery Dennison were worth $206,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Simon Quick Advisors LLC grew its stake in Avery Dennison by 45.1% during the second quarter. Simon Quick Advisors LLC now owns 2,518 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 783 shares in the last quarter. Assetmark Inc. grew its stake in Avery Dennison by 1,018.3% during the second quarter. Assetmark Inc. now owns 1,588 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 1,446 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Avery Dennison during the second quarter valued at $1,180,000. Envestnet Asset Management Inc. grew its stake in shares of Avery Dennison by 9.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 527,520 shares of the industrial products company’s stock worth $92,564,000 after buying an additional 46,782 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new position in shares of Avery Dennison in the 2nd quarter worth $236,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. Bank of America lifted their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Argus set a $200.00 price objective on shares of Avery Dennison in a research note on Tuesday. Raymond James Financial lifted their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Truist Financial dropped 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 note on Monday, October 13th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Price Performance

AVY stock opened at $175.78 on Friday. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $209.83. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $166.97 and a 200 day moving average price of $172.97. The stock has a market cap of $13.71 billion, a PE ratio of 20.00, a P/E/G ratio of 2.39 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last released 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. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company earned $2.33 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors 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 dividend yield of 2.1%. Avery Dennison’s payout ratio is currently 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.