Advisors Asset Management Inc. Acquires 2,558 Shares of Avery Dennison Corporation $AVY

Key Points

• Advisors Asset Management Inc. increased its holdings in Avery Dennison Corporation by 19.0%, acquiring an additional 2,558 shares to bring their total to 16,018 shares valued at $2,851,000.
• Analysts have mixed opinions on Avery Dennison's stock, with Raymond James raising its price target to $200.00 while Argus downgraded the stock from "strong-buy" to "hold".
• Avery Dennison recently announced a dividend of $0.94 per share to be paid on September 17th, representing an annualized dividend yield of 2.2%.

Advisors Asset Management Inc. grew its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 19.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,018 shares of the industrial products company's stock after purchasing an additional 2,558 shares during the quarter. Advisors Asset Management Inc.'s holdings in Avery Dennison were worth $2,851,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AVY. Grove Bank & Trust boosted its stake 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 worth $70,000 after acquiring an additional 59 shares during the period. Forum Financial Management LP lifted its holdings in 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 purchasing an additional 73 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 76 shares during the last quarter. Figure 8 Investment Strategies LLC increased its holdings in shares of Avery Dennison by 1.1% in the first quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock valued at $1,404,000 after purchasing an additional 83 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Avery Dennison by 0.5% in the first quarter. Amalgamated Bank now owns 16,076 shares of the industrial products company's stock valued at $2,861,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Stock Down 1.7%

Avery Dennison stock traded down $2.84 during mid-day trading on Friday, reaching $165.71. The stock had a trading volume of 355,987 shares, compared to its average volume of 540,396. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The stock's 50-day simple moving average is $173.87 and its 200-day simple moving average is $175.66. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The firm has a market capitalization of $12.92 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.59 and a beta of 0.90.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data 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 net margin of 8.14% and a return on equity of 33.14%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the firm earned $2.42 earnings per share. The business's quarterly 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, sell-side analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on AVY. BMO Capital Markets reissued an "outperform" rating and issued a $207.00 price target (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Citigroup lifted their price target on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Raymond James Financial lifted their target price on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.