Allianz Asset Management GmbH Increases Stock Position in Avery Dennison Corporation $AVY

Allianz Asset Management GmbH raised its position in shares of Avery Dennison Corporation (NYSE:AVY) by 23.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,792 shares of the industrial products company’s stock after purchasing an additional 3,616 shares during the quarter. Allianz Asset Management GmbH’s holdings in Avery Dennison were worth $3,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AVY. GAMMA Investing LLC lifted its position in shares of Avery Dennison by 9.4% in the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company’s stock worth $429,000 after purchasing an additional 207 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Avery Dennison by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company’s stock worth $2,169,000 after purchasing an additional 217 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Avery Dennison by 11.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,953 shares of the industrial products company’s stock worth $526,000 after purchasing an additional 300 shares during the period. Spire Wealth Management lifted its position in shares of Avery Dennison by 630.9% in the 1st quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 1,899 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Avery Dennison by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 184,964 shares of the industrial products company’s stock worth $32,918,000 after purchasing an additional 720 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on AVY. Truist Financial dropped their target price on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Raymond James Financial increased their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $182.00 to $195.00 in a research note on Thursday. Bank of America increased their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and increased their price target for the stock from $181.00 to $218.00 in a research note on Thursday. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison has an average rating of “Moderate Buy” and a consensus price target of $200.60.

Avery Dennison Stock Down 2.6%

NYSE:AVY opened at $181.39 on Friday. The firm has a market cap of $14.14 billion, a P/E ratio of 20.64, a P/E/G ratio of 2.75 and a beta of 0.95. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 1.26. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $209.83. The firm has a 50-day simple moving average of $166.72 and a two-hundred day simple moving average of $172.61.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.05. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. Avery Dennison’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

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 paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is currently 42.78%.

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.