Navera Investment Management Ltd. Sells 8,417 Shares of Avery Dennison Corporation $AVY

Navera Investment Management Ltd. cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 1.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 821,619 shares of the industrial products company’s stock after selling 8,417 shares during the period. Avery Dennison makes up approximately 2.6% of Navera Investment Management Ltd.’s investment portfolio, making the stock its 19th biggest holding. Navera Investment Management Ltd.’s holdings in Avery Dennison were worth $133,231,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Avery Dennison by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,017,906 shares of the industrial products company’s stock worth $1,757,842,000 after purchasing an additional 58,643 shares in the last quarter. State Street Corp boosted its position in shares of Avery Dennison by 0.6% during the second quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock valued at $639,871,000 after buying an additional 23,309 shares during the last quarter. Invesco Ltd. grew its holdings in Avery Dennison by 2.6% during the second quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock worth $277,697,000 after buying an additional 40,803 shares in the last quarter. Norges Bank purchased a new stake in Avery Dennison in the 2nd quarter valued at $174,425,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Avery Dennison by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock valued at $164,865,000 after acquiring an additional 129,189 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

AVY has been the subject of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $210.00 target price on shares of Avery Dennison in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. Argus set a $200.00 price objective on shares of Avery Dennison in a research note on Tuesday, October 28th. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. Finally, Truist Financial upped their target price on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.36.

Avery Dennison Trading Down 0.2%

Shares of AVY stock opened at $188.61 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. The firm has a market cap of $14.58 billion, a P/E ratio of 21.46, a PEG ratio of 3.19 and a beta of 1.00. The company has a 50 day moving average of $178.59 and a 200-day moving average of $173.75. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $196.40.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. Avery Dennison’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. Sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, December 3rd. Avery Dennison’s payout ratio is currently 42.78%.

Avery Dennison Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.