Segall Bryant & Hamill LLC Sells 3,437 Shares of Avery Dennison Corporation $AVY

Segall Bryant & Hamill LLC reduced its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 11.0% in the first quarter, HoldingsChannel reports. The fund owned 27,765 shares of the industrial products company’s stock after selling 3,437 shares during the period. Segall Bryant & Hamill LLC’s holdings in Avery Dennison were worth $4,795,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Empowered Funds LLC lifted its holdings in shares of Avery Dennison by 6.4% during the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Avery Dennison by 7.6% in the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after buying an additional 278 shares during the last quarter. Intech Investment Management LLC bought a new position in Avery Dennison during the 1st quarter valued at approximately $1,209,000. EverSource Wealth Advisors LLC increased its position in Avery Dennison by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after buying an additional 242 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Avery Dennison during the second quarter valued at $241,000. Institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Raymond James Financial set a $192.00 target price on Avery Dennison in a research note on Tuesday, April 21st. UBS Group lifted their price target on Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup upped their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America increased their price objective on shares of Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial decreased their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average target price of $201.22.

Avery Dennison Price Performance

NYSE AVY opened at $171.98 on Tuesday. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54. The stock has a 50-day moving average of $160.91 and a 200 day moving average of $171.00. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13.

Avery Dennison (NYSE:AVY) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $2.42 EPS. Avery Dennison’s revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts forecast that Avery Dennison Corporation will post 10.06 EPS for the current year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Avery Dennison Company 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.