AEGON ASSET MANAGEMENT UK Plc Purchases 57,350 Shares of Avery Dennison Corporation $AVY

Key Points

• AEGON ASSET MANAGEMENT UK Plc increased its stake in Avery Dennison Corporation by 40.1%, owning 200,295 shares worth approximately $35.1 million after acquiring an additional 57,350 shares in the second quarter.
• Avery Dennison's stock recently opened at $160.15, with a market capitalization of about $12.49 billion and a price-to-earnings (P/E) ratio of 17.97.
• The company announced a quarterly dividend of $0.94 per share, representing a 2.3% yield based on a 42.20% payout ratio.

AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 40.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,295 shares of the industrial products company's stock after acquiring an additional 57,350 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.26% of Avery Dennison worth $35,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVY. GAMMA Investing LLC increased its stake 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 valued at $429,000 after acquiring an additional 207 shares during the period. CX Institutional acquired a new stake in Avery Dennison during the first quarter valued at approximately $118,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Avery Dennison by 1.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company's stock valued at $2,169,000 after purchasing an additional 217 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Avery Dennison by 2.3% during the first quarter. Exchange Traded Concepts LLC now owns 4,210 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 96 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Avery Dennison during the first quarter valued at approximately $3,199,000. 94.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AVY. Bank of America lifted their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. BMO Capital Markets reaffirmed an "outperform" rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Raymond James Financial lifted their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Truist Financial reduced their target price on Avery Dennison from $204.00 to $203.00 and set a "buy" rating on the stock in a report on Monday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $195.30.

Avery Dennison Stock Up 1.7%

Shares of AVY opened at $160.15 on Wednesday. The company has a market capitalization of $12.49 billion, a P/E ratio of 17.97, a PEG ratio of 2.32 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $222.16. The business's 50 day simple moving average is $167.47 and its 200-day simple moving average is $172.84.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $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. As a group, sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Avery Dennison's dividend payout ratio is currently 42.20%.

About Avery Dennison

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.