Sequoia Financial Advisors LLC Sells 310 Shares of Avery Dennison Corporation $AVY

Sequoia Financial Advisors LLC decreased its position in Avery Dennison Corporation (NYSE:AVY) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,774 shares of the industrial products company’s stock after selling 310 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Avery Dennison were worth $838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock valued at $1,772,450,000 after purchasing an additional 277,554 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Avery Dennison by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock valued at $756,262,000 after purchasing an additional 24,068 shares during the last quarter. Victory Capital Management Inc. lifted its position in Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock valued at $281,715,000 after purchasing an additional 233,062 shares during the last quarter. Invesco Ltd. lifted its position in Avery Dennison by 7.1% in the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock valued at $274,392,000 after purchasing an additional 101,996 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Avery Dennison by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock valued at $212,473,000 after purchasing an additional 14,667 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AVY. UBS Group lowered their price objective on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial boosted their target price on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.30.

Avery Dennison Price Performance

Shares of AVY stock opened at $159.34 on Friday. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.35 and a beta of 0.95. The business’s fifty day moving average is $166.87 and its 200 day moving average is $172.43. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $221.54. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results 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 return on equity of 33.14% and a net margin of 8.14%.The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison’s dividend payout ratio is presently 42.20%.

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.