Amundi Increases Stock Holdings in Avery Dennison Corporation $AVY

Key Points

• Amundi has increased its stake in Avery Dennison Corporation by 26.2%, owning 413,258 shares valued at approximately $72.87 million.
• Several analysts have raised their price targets on Avery Dennison, with Bank of America increasing its target from $195 to $208 and providing a “buy” rating.
• Avery Dennison declared a quarterly dividend of $0.94, resulting in an annual yield of 2.2%, with the ex-dividend date set for September 3rd.

Amundi raised its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 26.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 413,258 shares of the industrial products company's stock after purchasing an additional 85,727 shares during the quarter. Amundi owned 0.53% of Avery Dennison worth $72,874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AVY. Grove Bank & Trust lifted its holdings in shares of Avery Dennison by 17.7% in the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after buying an additional 59 shares during the period. Forum Financial Management LP lifted its holdings in shares of Avery Dennison by 5.6% in 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 during the period. Brown Advisory Inc. lifted its holdings in shares of Avery Dennison by 3.6% in 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 during the period. Figure 8 Investment Strategies LLC lifted its holdings in shares of Avery Dennison by 1.1% in the 1st quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock valued at $1,404,000 after buying an additional 83 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of Avery Dennison by 0.5% in the 1st quarter. Amalgamated Bank now owns 16,076 shares of the industrial products company's stock valued at $2,861,000 after buying an additional 83 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AVY. Raymond James Financial lifted their price objective on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Bank of America lifted their price objective on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Citigroup lifted their price objective on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $197.60.

Avery Dennison Stock Performance

NYSE AVY opened at $167.93 on Friday. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.59 and a beta of 0.90. The business has a fifty day moving average of $175.32 and a 200-day moving average of $176.22. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19.

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, topping 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 company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The business's revenue for the quarter 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, analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's payout ratio is 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.