Police & Firemen s Retirement System of New Jersey Raises Position in Avery Dennison Corporation $AVY

Police & Firemen s Retirement System of New Jersey raised its position in shares of Avery Dennison Corporation (NYSE:AVY) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,569 shares of the industrial products company’s stock after purchasing an additional 476 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Avery Dennison were worth $5,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AVY. Bayforest Capital Ltd bought a new position in shares of Avery Dennison during the 1st quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 during the last quarter. NewSquare Capital LLC boosted its position in Avery Dennison by 156.2% during the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 114 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Avery Dennison in the second quarter worth about $35,000. Finally, SouthState Corp raised its position in shares of Avery Dennison by 195.7% in the first quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 137 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $172.83 on Friday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $207.99. 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 firm has a market capitalization of $13.36 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.39 and a beta of 0.99. The stock’s 50-day simple moving average is $167.55 and its two-hundred day simple moving average is $173.20.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data 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. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the business earned $2.33 earnings per share. Avery Dennison’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. As a group, equities analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Avery Dennison’s payout ratio is currently 42.78%.

Analyst Upgrades and Downgrades

AVY has been the subject of several analyst reports. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $181.00 to $218.00 in a report on Thursday, October 23rd. Truist Financial dropped their target price on Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Argus set a $200.00 price target on Avery Dennison in a research report on Tuesday, October 28th. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. Finally, Citigroup reduced their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.55.

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.