California Public Employees Retirement System Cuts Stock Holdings in Avery Dennison Corporation $AVY

California Public Employees Retirement System cut its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,177 shares of the industrial products company’s stock after selling 5,069 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Avery Dennison worth $23,860,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Avery Dennison by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock valued at $1,900,428,000 after buying an additional 69,662 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after buying an additional 644,664 shares during the last quarter. Morgan Stanley grew its holdings in shares of Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after acquiring an additional 647,795 shares during the period. State Street Corp grew its position in Avery Dennison by 0.9% during the fourth quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock valued at $673,247,000 after buying an additional 34,124 shares during the period. Finally, Invesco Ltd. increased its holdings in Avery Dennison by 4.9% during the third quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock valued at $269,180,000 after buying an additional 77,272 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AVY has been the topic of several recent research reports. UBS Group decreased their price target on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Citigroup decreased their target price on shares of Avery Dennison from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Truist Financial dropped their price objective on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.11.

Avery Dennison Stock Up 1.3%

NYSE AVY opened at $157.85 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.77 and a beta of 0.82. The company has a fifty day moving average of $159.52 and a two-hundred day moving average of $172.01.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating 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 the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm posted $2.30 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $1.00 per share. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $4.00 annualized dividend and a yield of 2.5%. Avery Dennison’s payout ratio is 45.10%.

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.