Vestmark Advisory Solutions Inc. Buys 2,284 Shares of Avery Dennison Corporation $AVY

Key Points

• Vestmark Advisory Solutions Inc. significantly increased its stake in Avery Dennison Corporation by 109.4%, holding 4,372 shares worth $778,000 as of the latest SEC filing.
• Avery Dennison recently announced a quarterly dividend of $0.94, with an annualized payout of $3.76 and a yield of 2.1%, reflecting a payout ratio of 42.20%.
• Analysts have mixed sentiments on Avery Dennison, with price targets ranging from $182.00 to $210.00 and an average rating of "Moderate Buy" based on recent evaluations.

Vestmark Advisory Solutions Inc. lifted its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 109.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,372 shares of the industrial products company's stock after purchasing an additional 2,284 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Avery Dennison were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AVY. Baker Avenue Asset Management LP boosted its position in Avery Dennison by 5.7% during the 4th quarter. Baker Avenue Asset Management LP now owns 1,100 shares of the industrial products company's stock worth $206,000 after acquiring an additional 59 shares during the period. Grove Bank & Trust boosted its position in 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 boosted its position 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 worth $246,000 after acquiring an additional 73 shares during the period. Brown Advisory Inc. boosted its position in Avery Dennison by 3.6% during the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after acquiring an additional 76 shares during the period. Finally, Figure 8 Investment Strategies LLC boosted its position in Avery Dennison by 1.1% during the 1st quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock worth $1,404,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Stock Up 1.5%

Shares of AVY traded up $2.6350 during midday trading on Friday, reaching $178.5150. 728,206 shares of the stock were exchanged, compared to its average volume of 606,248. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $224.38. The firm has a 50 day simple moving average of $176.39 and a 200-day simple moving average of $177.03. 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 market cap of $13.92 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.71 and a beta of 0.88.

Avery Dennison (NYSE:AVY - Get Free Report) last issued 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 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 last year, the business earned $2.42 EPS. The firm'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. Research analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

Analyst Upgrades and Downgrades

AVY has been the subject of a number of research reports. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Citigroup raised their price objective on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. BMO Capital Markets restated an "outperform" rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective 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, Bank of America raised their price target on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $197.60.

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.