Avery Dennison Corporation $AVY Position Increased by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its stake in Avery Dennison Corporation by 16.6% during the first quarter, owning 17,214 shares valued at approximately $3.06 million.
• Several hedge funds have modified their holdings in Avery Dennison, with 94.17% of the stock now owned by institutional investors and hedge funds.
• Avery Dennison reported earnings per share (EPS) of $2.42 for the last quarter, beating analyst estimates of $2.38, while also declaring a quarterly dividend of $0.94 per share.

HighTower Advisors LLC grew its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 16.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,214 shares of the industrial products company's stock after purchasing an additional 2,451 shares during the quarter. HighTower Advisors LLC's holdings in Avery Dennison were worth $3,063,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Baker Avenue Asset Management LP raised its stake in Avery Dennison by 5.7% during the fourth quarter. Baker Avenue Asset Management LP now owns 1,100 shares of the industrial products company's stock valued at $206,000 after buying an additional 59 shares in the last quarter. Grove Bank & Trust increased 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 acquiring an additional 59 shares during the last quarter. Forum Financial Management LP raised its position 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 acquiring an additional 73 shares in the last quarter. Brown Advisory Inc. lifted its stake in Avery Dennison by 3.6% during the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after purchasing an additional 76 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC boosted its holdings in 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 worth $1,404,000 after purchasing an additional 83 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating and issued a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Citigroup boosted their price objective on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and an average target price of $197.60.

Avery Dennison Stock Performance

Shares of AVY traded up $2.6350 during trading hours on Friday, reaching $178.5150. 728,206 shares of the company's stock traded hands, compared to its average volume of 606,248. Avery Dennison Corporation has a twelve month low of $157.00 and a twelve month high of $224.38. The business's fifty day simple moving average is $176.39 and its two-hundred day simple moving average is $176.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.75 and a beta of 0.88.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the firm posted $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. Analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is 42.20%.

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.