Mackenzie Financial Corp Trims Stock Position in Avery Dennison Corporation $AVY

Mackenzie Financial Corp reduced its stake in Avery Dennison Corporation by 47.1% in Q2, as per its latest SEC filing. The firm now holds 16,288 shares valued at $2,858,000. Other investors have also adjusted their positions in Avery Dennison. The company's stock opened at $174.90, with a market cap of $13.52 billion. Avery Dennison reported Q3 earnings of $2.37 per share, beating estimates, and announced a quarterly dividend of $0.94.

Mackenzie Financial Corp trimmed its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 47.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,288 shares of the industrial products company's stock after selling 14,503 shares during the period. Mackenzie Financial Corp's holdings in Avery Dennison were worth $2,858,000 as of its most recent SEC filing.

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Other large investors have also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in Avery Dennison in the first quarter worth about $27,000. Vermillion & White Wealth Management Group LLC raised its position in shares of Avery Dennison by 89.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company's stock worth $30,000 after acquiring an additional 80 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Avery Dennison by 193.1% in the 2nd 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 period. NewSquare Capital LLC boosted its position in shares of Avery Dennison by 156.2% during the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 114 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Avery Dennison in the second quarter worth $35,000. Institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Down 0.4%

Shares of Avery Dennison stock opened at $174.90 on Friday. The company has a 50-day simple moving average of $169.32 and a two-hundred day simple moving average of $172.80. The stock has a market capitalization of $13.52 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.38 and a beta of 1.01. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $206.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26.

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Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm earned $2.33 earnings per share. The firm'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, analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. Avery Dennison's payout ratio is currently 42.78%.

Wall Street Analyst Weigh In

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Several equities analysts have commented on the company. Truist Financial lowered their price objective on Avery Dennison from $204.00 to $203.00 and set a "buy" rating for the company in a research report on Monday, October 13th. Citigroup decreased their price target on shares of Avery Dennison from $191.00 to $177.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. UBS Group raised shares of Avery Dennison from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. BMO Capital Markets restated an "outperform" rating and issued a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Avery Dennison from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $182.00 to $195.00 in a report on Thursday, October 23rd. Nine equities research 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 presently has a consensus rating of "Moderate Buy" and an average price target of $200.55.

Get Our Latest Analysis on Avery Dennison

Avery Dennison Profile

(Free Report)

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.

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