Avery Dennison Corporation $AVY Shares Acquired by KBC Group NV

KBC Group NV grew its position in Avery Dennison Corporation (NYSE:AVY) by 20.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,513 shares of the industrial products company’s stock after acquiring an additional 4,093 shares during the quarter. KBC Group NV’s holdings in Avery Dennison were worth $4,301,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC boosted its stake in Avery Dennison by 16.6% during 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 during the last quarter. Bill Few Associates Inc. raised its position in shares of Avery Dennison by 0.5% in the second quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company’s stock valued at $2,341,000 after buying an additional 67 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Avery Dennison by 0.5% in the second 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 in the last quarter. Forum Financial Management LP boosted its position in Avery Dennison by 5.6% during the first quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company’s stock worth $246,000 after acquiring an additional 73 shares during the last quarter. Finally, Matrix Trust Co grew its stake in Avery Dennison by 11.3% during the 2nd quarter. Matrix Trust Co now owns 836 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 85 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Stock Down 2.0%

Shares of AVY opened at $172.83 on Friday. The company’s 50-day moving average price is $167.55 and its 200 day moving average price is $173.21. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $207.99. 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 firm has a market cap of $13.36 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99.

Avery Dennison (NYSE:AVY) last announced 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. 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 during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted $2.33 earnings per share. Avery Dennison’s revenue 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. On average, sell-side analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AVY. BMO Capital Markets restated an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a report on Thursday, October 23rd. Citigroup lowered their price objective on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $182.00 to $195.00 in a research report on Thursday, October 23rd. Finally, Truist Financial cut 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 report 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.