Avery Dennison Corporation $AVY Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 751,711 shares of the industrial products company’s stock after selling 16,798 shares during the period. Bank of New York Mellon Corp’s holdings in Avery Dennison were worth $121,905,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock worth $2,409,000 after acquiring an additional 819 shares during the period. Focus Partners Wealth lifted its holdings in shares of Avery Dennison by 7.6% during the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 278 shares during the period. Intech Investment Management LLC purchased a new position in Avery Dennison in the 1st quarter valued at $1,209,000. Signaturefd LLC increased its stake in Avery Dennison by 52.0% in the 2nd quarter. Signaturefd LLC now owns 696 shares of the industrial products company’s stock valued at $122,000 after buying an additional 238 shares during the period. Finally, Trust Co. of Vermont raised its position in Avery Dennison by 48.8% during the 2nd quarter. Trust Co. of Vermont now owns 305 shares of the industrial products company’s stock worth $54,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Argus set a $200.00 target price on shares of Avery Dennison in a report on Tuesday, October 28th. Citigroup raised their price target on Avery Dennison from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 6th. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and raised their price target for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.36.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $185.51 on Friday. The business has a 50-day moving average of $181.50 and a two-hundred day moving average of $174.03. The firm has a market capitalization of $14.34 billion, a PE ratio of 21.10, a P/E/G ratio of 3.12 and a beta of 1.00. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $190.45.

Avery Dennison 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.