Police & Firemen s Retirement System of New Jersey Has $5.19 Million Stock Holdings in Avery Dennison Corporation $AVY

Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,569 shares of the industrial products company’s stock after buying an additional 476 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Avery Dennison were worth $5,188,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AVY. Choreo LLC increased its stake in shares of Avery Dennison by 1.5% in the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company’s stock valued at $2,203,000 after acquiring an additional 185 shares in the last quarter. Fifth Third Bancorp boosted its stake in Avery Dennison by 5.9% during the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 196 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Avery Dennison by 7.2% in the first 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 in the last quarter. Assetmark Inc. raised its holdings in shares of Avery Dennison by 1,018.3% during the second 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 period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Avery Dennison during the 2nd quarter worth about $1,180,000. 94.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on AVY shares. Citigroup decreased their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. BMO Capital Markets reissued an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and upped their target price for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday. Finally, Argus set a $200.00 price target on shares of Avery Dennison in a research note on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Trading Down 2.0%

Shares of Avery Dennison stock opened at $172.83 on Friday. The company has a market capitalization of $13.36 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The stock has a fifty day simple moving average of $167.55 and a 200 day simple moving average of $173.20. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $207.99. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45.

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

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) 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.