Bank of Montreal Can Cuts Stock Holdings in Avery Dennison Corporation $AVY

Bank of Montreal Can lowered its position in Avery Dennison Corporation (NYSE:AVY) by 35.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,811 shares of the industrial products company’s stock after selling 80,139 shares during the period. Bank of Montreal Can’s holdings in Avery Dennison were worth $25,586,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC grew its position in Avery Dennison by 16.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 408 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 58 shares in the last quarter. Bill Few Associates Inc. lifted its position in shares of Avery Dennison by 0.5% during the 2nd quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company’s stock worth $2,341,000 after buying an additional 67 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Avery Dennison by 0.5% in the 2nd quarter. Diversified Trust Co now owns 13,287 shares of the industrial products company’s stock worth $2,331,000 after buying an additional 71 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Avery Dennison by 5.6% in the first quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company’s stock valued at $246,000 after acquiring an additional 73 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Avery Dennison by 3.6% during the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 76 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $171.95 on Friday. The firm has a market capitalization of $13.29 billion, a PE ratio of 19.56, a P/E/G ratio of 2.39 and a beta of 0.99. 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 company has a 50-day moving average price of $166.93 and a two-hundred day moving average price of $173.09. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $208.16.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.05. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is presently 42.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AVY shares. BMO Capital Markets restated an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. Truist Financial cut their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock 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. Raymond James Financial boosted their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and increased their target price for the company from $181.00 to $218.00 in a research report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus 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.