Avery Dennison Corporation $AVY Shares Bought by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Avery Dennison Corporation by 149.1%, acquiring an additional 46,926 shares during the first quarter, bringing its total holdings to 78,389 shares valued at approximately $13.95 million.
• Analysts have set a consensus target price for Avery Dennison's stock at $197.60, with ratings that include six "Buy" and five "Hold" ratings from various investment firms.
• Avery Dennison recently announced a quarterly dividend of $0.94 per share, reflecting a yield of 2.2%, with the ex-dividend date set for September 3rd.

Gotham Asset Management LLC increased its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 149.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,389 shares of the industrial products company's stock after acquiring an additional 46,926 shares during the quarter. Gotham Asset Management LLC owned approximately 0.10% of Avery Dennison worth $13,951,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AVY. GAMMA Investing LLC lifted its stake in shares of Avery Dennison by 19,370.0% in the first quarter. GAMMA Investing LLC now owns 428,730 shares of the industrial products company's stock worth $76,301,000 after acquiring an additional 426,528 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Avery Dennison by 905.0% during the first quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company's stock valued at $57,503,000 after buying an additional 291,848 shares in the last quarter. Vanguard Group Inc. raised its stake in Avery Dennison by 2.9% during the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock valued at $1,772,450,000 after buying an additional 277,554 shares in the last quarter. Nuveen LLC acquired a new stake in Avery Dennison during the first quarter valued at approximately $46,322,000. Finally, Johnson Investment Counsel Inc. raised its stake in Avery Dennison by 1,305.6% during the first quarter. Johnson Investment Counsel Inc. now owns 264,452 shares of the industrial products company's stock valued at $47,065,000 after buying an additional 245,638 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Raymond James Financial upped their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. BMO Capital Markets restated an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Bank of America upped their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their price objective on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Six 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Stock Performance

AVY stock traded down $1.71 on Friday, reaching $166.85. The company's stock had a trading volume of 59,372 shares, compared to its average volume of 727,759. The company has a market capitalization of $13.01 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.90. 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 52 week low of $157.00 and a 52 week high of $224.38. The firm has a fifty day moving average of $174.22 and a two-hundred day moving average of $175.80.

Avery Dennison (NYSE:AVY - Get Free Report) last released its 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. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.42 earnings per share. 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 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. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend 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.