Avery Dennison Corporation $AVY Shares Purchased by Korea Investment CORP

Korea Investment CORP raised its stake in Avery Dennison Corporation (NYSE:AVY) by 23.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,167 shares of the industrial products company’s stock after acquiring an additional 11,045 shares during the period. Korea Investment CORP owned 0.07% of Avery Dennison worth $10,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of research firms recently weighed in on AVY. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avery Dennison in a research report on Monday, November 24th. Argus set a $200.00 target price on shares of Avery Dennison in a report on Tuesday, October 28th. Truist Financial cut their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday, October 13th. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. Finally, Citigroup cut their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.55.

Avery Dennison Trading Up 0.1%

Shares of AVY opened at $172.37 on Monday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $206.90. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $13.32 billion, a P/E ratio of 19.61, a PEG ratio of 2.39 and a beta of 0.99. The firm’s 50-day moving average is $168.37 and its two-hundred day moving average is $172.91.

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

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 3rd. Avery Dennison’s payout ratio is currently 42.78%.

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.