Geode Capital Management LLC Has $368.42 Million Stake in Avery Dennison Corporation $AVY

Geode Capital Management LLC lowered its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,108,181 shares of the industrial products company’s stock after selling 66,425 shares during the period. Geode Capital Management LLC’s holdings in Avery Dennison were worth $368,423,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Avery Dennison by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 34,860 shares of the industrial products company’s stock worth $6,117,000 after acquiring an additional 1,309 shares during the period. Kelleher Financial Advisors bought a new position in Avery Dennison during the second quarter worth about $356,000. Forsta AP Fonden lifted its stake in Avery Dennison by 9.2% during the second quarter. Forsta AP Fonden now owns 50,100 shares of the industrial products company’s stock worth $8,791,000 after purchasing an additional 4,200 shares during the period. KBC Group NV boosted its holdings in Avery Dennison by 20.0% during the second quarter. KBC Group NV now owns 24,513 shares of the industrial products company’s stock valued at $4,301,000 after purchasing an additional 4,093 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Avery Dennison by 0.8% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,004 shares of the industrial products company’s stock valued at $7,546,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AVY. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and boosted their price target for the company from $181.00 to $218.00 in a research note on Thursday, October 23rd. BMO Capital Markets reissued an “outperform” rating and set a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Citigroup lowered their target price on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $182.00 to $195.00 in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.55.

Avery Dennison Stock Down 2.0%

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

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, beating 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 firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the company posted $2.33 EPS. The company’s quarterly 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, research analysts expect that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.94 per share. 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 dividend payout ratio is currently 42.78%.

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.