Lazard Asset Management LLC Has $269.68 Million Stock Holdings in Avery Dennison Corporation $AVY

Lazard Asset Management LLC decreased its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 16.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,536,889 shares of the industrial products company’s stock after selling 307,481 shares during the period. Lazard Asset Management LLC owned 1.97% of Avery Dennison worth $269,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Avery Dennison by 5.9% during the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 196 shares during the period. DNB Asset Management AS raised its holdings in Avery Dennison by 4.3% during the 2nd quarter. DNB Asset Management AS now owns 16,398 shares of the industrial products company’s stock worth $2,877,000 after buying an additional 676 shares during the period. Assetmark Inc. lifted its stake in Avery Dennison by 1,018.3% in the second quarter. Assetmark Inc. now owns 1,588 shares of the industrial products company’s stock valued at $279,000 after buying an additional 1,446 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Avery Dennison in the second quarter valued at approximately $1,180,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Avery Dennison by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,273 shares of the industrial products company’s stock worth $4,676,000 after acquiring an additional 1,772 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.5%

Shares of AVY opened at $182.53 on Friday. The firm has a market cap of $14.11 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 2.46 and a beta of 1.01. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $197.44. The firm’s 50-day simple moving average is $171.25 and its 200 day simple moving average is $172.70.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company posted $2.33 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current 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 $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio is currently 42.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a report on Thursday, October 23rd. Argus set a $200.00 price objective on Avery Dennison in a report on Tuesday, October 28th. Citigroup dropped their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and raised their price target for the company from $181.00 to $218.00 in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated 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 issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $200.55.

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.