Aberdeen Group plc grew its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 77.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 54,063 shares of the industrial products company's stock after purchasing an additional 23,672 shares during the period. Aberdeen Group plc owned about 0.07% of Avery Dennison worth $9,578,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of AVY. GAMMA Investing LLC lifted its stake in Avery Dennison by 19,370.0% in the first quarter. GAMMA Investing LLC now owns 428,730 shares of the industrial products company's stock valued at $76,301,000 after purchasing an additional 426,528 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Avery Dennison by 905.0% in the first quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company's stock valued at $57,503,000 after purchasing an additional 291,848 shares during the last quarter. Vanguard Group Inc. lifted its stake in Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock valued at $1,772,450,000 after purchasing an additional 277,554 shares during the last quarter. Nuveen LLC purchased a new position in Avery Dennison in the first quarter valued at approximately $46,322,000. Finally, Ameriprise Financial Inc. lifted its stake in Avery Dennison by 12.9% in the fourth quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock valued at $409,014,000 after purchasing an additional 250,359 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.
Avery Dennison Price Performance
NYSE AVY traded up $2.6350 during trading hours on Friday, reaching $178.5150. 728,206 shares of the stock traded hands, compared to its average volume of 606,248. The stock has a 50 day simple moving average of $176.39 and a two-hundred day simple moving average of $176.98. Avery Dennison Corporation has a 1 year low of $157.00 and a 1 year high of $224.38. 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 company has a market cap of $13.92 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88.
Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the business posted $2.42 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.
Avery Dennison Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.
Analysts Set New Price Targets
AVY has been the topic of several research analyst reports. Raymond James Financial upped their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Bank of America increased their target price on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Argus downgraded Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Citigroup increased their price objective on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $197.60.
View Our Latest Analysis on Avery Dennison
About Avery Dennison
(
Free Report)
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.
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