T. Rowe Price Investment Management Inc. Sells 446,957 Shares of Avery Dennison Corporation $AVY

T. Rowe Price Investment Management Inc. lowered its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 13.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,842,346 shares of the industrial products company’s stock after selling 446,957 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Avery Dennison were worth $516,966,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Avery Dennison by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after purchasing an additional 361,231 shares in the last quarter. Fieldview Capital Management LLC lifted its stake in shares of Avery Dennison by 412.7% in the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock valued at $4,259,000 after buying an additional 21,142 shares in the last quarter. CPC Advisors LLC bought a new position in shares of Avery Dennison in the fourth quarter valued at $1,464,000. Ameriprise Financial Inc. grew its holdings in shares of Avery Dennison by 30.9% during the third quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock valued at $298,613,000 after buying an additional 435,156 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Avery Dennison by 3.8% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 155,643 shares of the industrial products company’s stock worth $25,241,000 after acquiring an additional 5,633 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of AVY stock opened at $158.60 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The firm has a 50-day moving average of $162.38 and a 200-day moving average of $175.17. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54. The company has a market cap of $12.13 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.74 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned $2.30 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities research analysts forecast that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, June 3rd. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AVY. UBS Group lowered their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Citigroup cut their price target on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. JPMorgan Chase & Co. dropped their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Argus set a $175.00 target price on Avery Dennison in a research report on Thursday, June 4th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus target price of $201.33.

About Avery Dennison

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.