California Public Employees Retirement System Trims Position in Avery Dennison Corporation $AVY

California Public Employees Retirement System decreased its stake in Avery Dennison Corporation (NYSE:AVY) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 138,177 shares of the industrial products company’s stock after selling 5,069 shares during the quarter. California Public Employees Retirement System’s holdings in Avery Dennison were worth $23,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVY. Vanguard Group Inc. grew its holdings in Avery Dennison by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock valued at $1,900,428,000 after purchasing an additional 69,662 shares during the period. Wellington Management Group LLP raised its stake in 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 valued at $942,039,000 after purchasing an additional 644,664 shares during the last quarter. Morgan Stanley lifted its holdings in Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after purchasing an additional 647,795 shares in the last quarter. State Street Corp lifted its stake in Avery Dennison by 0.9% in the 4th quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock worth $673,247,000 after purchasing an additional 34,124 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Avery Dennison by 4.9% during the 3rd quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company’s stock worth $269,180,000 after purchasing an additional 77,272 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their price objective on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Citigroup decreased their target price on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Bank of America lifted their target price on Avery Dennison from $202.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, UBS Group cut 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 note on Friday, April 10th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.11.

Avery Dennison Stock Performance

Shares of AVY opened at $157.85 on Thursday. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The stock has a market capitalization of $12.07 billion, a PE ratio of 17.80, a PEG ratio of 2.77 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The stock has a 50-day simple moving average of $159.52 and a 200-day simple moving average of $172.01.

Avery Dennison (NYSE:AVY) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $2.30 earnings per share. The business’s quarterly revenue 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. On average, analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

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