Aberdeen Group plc Raises Position in Avery Dennison Corporation $AVY

Key Points

• Aberdeen Group plc has increased its stake in Avery Dennison Corporation by 4.6%, owning a total of 56,564 shares worth approximately $9.93 million by the end of the last reporting period.
• Avery Dennison reported $2.42 earnings per share for the quarter, slightly exceeding analysts' expectations, despite a 0.7% year-over-year decline in revenue.
• The company recently declared a quarterly dividend of $0.94 per share, resulting in an annualized dividend yield of 2.4%.

Aberdeen Group plc boosted its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,564 shares of the industrial products company's stock after buying an additional 2,501 shares during the period. Aberdeen Group plc owned 0.07% of Avery Dennison worth $9,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Strengthening Families & Communities LLC grew its position in Avery Dennison by 16.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 408 shares of the industrial products company's stock worth $73,000 after purchasing an additional 58 shares during the period. Grove Bank & Trust grew its position in shares of Avery Dennison by 17.7% during the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 59 shares during the period. Diversified Trust Co grew its position in shares of Avery Dennison by 0.5% during the 2nd quarter. Diversified Trust Co now owns 13,287 shares of the industrial products company's stock valued at $2,331,000 after acquiring an additional 71 shares during the period. Forum Financial Management LP lifted its stake in shares of Avery Dennison by 5.6% during the 1st quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company's stock valued at $246,000 after buying an additional 73 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Avery Dennison by 3.6% during the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock valued at $386,000 after buying an additional 76 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

Shares of AVY opened at $159.46 on Thursday. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $222.16. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average of $167.31 and a two-hundred day moving average of $172.75.

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

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.4%. Avery Dennison's dividend payout ratio (DPR) is currently 42.20%.

Analysts Set New Price Targets

Several analysts have commented on AVY shares. UBS Group decreased their price target on shares of Avery Dennison from $188.00 to $181.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Citigroup decreased their target price on shares of Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. Truist Financial reduced their price objective on shares of Avery Dennison from $204.00 to $203.00 and set a "buy" rating on the stock in a research report on Monday. Bank of America increased their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial raised their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Avery Dennison has an average rating of "Moderate Buy" and a consensus price target of $195.30.

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.

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