Ensign Peak Advisors Inc Sells 7,083 Shares of Avery Dennison Corporation $AVY

Ensign Peak Advisors Inc decreased its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 20.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,038 shares of the industrial products company's stock after selling 7,083 shares during the quarter. Ensign Peak Advisors Inc's holdings in Avery Dennison were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bayforest Capital Ltd bought a new position in shares of Avery Dennison during the 1st quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $30,000 after purchasing an additional 112 shares in the last quarter. NewSquare Capital LLC boosted its stake in Avery Dennison by 156.2% during the 2nd 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 during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Avery Dennison in the second quarter worth approximately $35,000. Finally, SouthState Corp increased its position in Avery Dennison by 195.7% during the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

AVY has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Avery Dennison from a "neutral" rating to a "buy" rating and upped their price target for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. Argus set a $200.00 price target on shares of Avery Dennison in a research note on Tuesday, October 28th. Citigroup lowered 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 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 stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Avery Dennison in a research note on Monday. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Avery Dennison currently has an average rating of "Moderate Buy" and an average price target of $200.55.

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Check Out Our Latest Stock Analysis on AVY

Avery Dennison Stock Performance

NYSE:AVY opened at $170.53 on Wednesday. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $207.78. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. The company has a 50 day moving average price of $167.91 and a 200 day moving average price of $173.11. The stock has a market capitalization of $13.18 billion, a P/E ratio of 19.40, a PEG ratio of 2.39 and a beta of 0.99.

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Avery Dennison (NYSE:AVY - Get Free Report) 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm earned $2.33 EPS. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities research analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors 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 dividend on an annualized basis and a yield of 2.2%. Avery Dennison's dividend payout ratio is presently 42.78%.

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.

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