OLD National Bancorp IN Has $676,000 Stock Holdings in Avery Dennison Corporation $AVY

OLD National Bancorp IN lowered its position in Avery Dennison Corporation (NYSE:AVY) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,854 shares of the industrial products company’s stock after selling 347 shares during the quarter. OLD National Bancorp IN’s holdings in Avery Dennison were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in shares of Avery Dennison by 17.7% during the first quarter. Grove Bank & Trust now owns 393 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 59 shares during the last quarter. Diversified Trust Co raised its position in Avery Dennison by 0.5% during the 2nd quarter. Diversified Trust Co now owns 13,287 shares of the industrial products company’s stock worth $2,331,000 after purchasing an additional 71 shares during the last quarter. Forum Financial Management LP grew its position in shares of Avery Dennison by 5.6% in the 1st quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company’s stock valued at $246,000 after buying an additional 73 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock valued at $386,000 after buying an additional 76 shares during the period. Finally, Figure 8 Investment Strategies LLC raised its position in shares of Avery Dennison by 1.1% during the first quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company’s stock worth $1,404,000 after acquiring an additional 83 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on AVY. Raymond James Financial raised their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Saturday, September 27th. UBS Group decreased their price target on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. boosted their price objective 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, BMO Capital Markets restated an “outperform” rating and set a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.00.

Avery Dennison Price Performance

AVY stock opened at $162.77 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The company’s 50-day moving average is $168.46 and its 200-day moving average is $173.52. The stock has a market capitalization of $12.69 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. Avery Dennison Corporation has a 1 year low of $157.00 and a 1 year high of $222.16.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.04. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates 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 was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 3rd. Avery Dennison’s dividend payout ratio (DPR) is currently 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.