Wellington Management Group LLP Makes New Investment in Avery Dennison Corporation $AVY

Key Points

• Wellington Management Group LLP acquired 14,962 shares of Avery Dennison Corporation for approximately $2.66 million in the 1st quarter, indicating increased institutional interest in the company.
• Avery Dennison reported earnings of $2.42 per share for its last quarter, slightly exceeding analysts' expectations, and a net revenue of $2.22 billion, marking a 0.7% decrease year-over-year.
• The company announced a quarterly dividend of $0.94 to be paid on September 17th, reflecting an annualized yield of 2.2% with a payout ratio of 42.20%.

Wellington Management Group LLP purchased a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,962 shares of the industrial products company's stock, valued at approximately $2,663,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Choreo LLC boosted its holdings in Avery Dennison by 1.5% during the first quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock worth $2,203,000 after buying an additional 185 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Avery Dennison during the fourth quarter worth approximately $496,000. Brown Advisory Inc. boosted its holdings in Avery Dennison by 3.6% during the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after buying an additional 76 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Avery Dennison by 9.4% during the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after buying an additional 207 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in Avery Dennison by 630.9% during the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company's stock worth $392,000 after buying an additional 1,899 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

NYSE:AVY traded down $0.39 during midday trading on Thursday, reaching $166.41. The stock had a trading volume of 280,240 shares, compared to its average volume of 731,896. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $224.38. The firm's fifty day simple moving average is $175.66 and its 200-day simple moving average is $176.47. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The stock has a market capitalization of $12.98 billion, a P/E ratio of 18.66, a PEG ratio of 2.64 and a beta of 0.90.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business posted $2.42 EPS. Avery Dennison's revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, equities research analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AVY. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Citigroup upped their price target on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. BMO Capital Markets restated an "outperform" rating and issued a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, Raymond James Financial upped their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Profile

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.