Avery Dennison Corporation $AVY Shares Purchased by Meyer Handelman Co.

Key Points

• Meyer Handelman Co. increased its stake in Avery Dennison Corporation by 18.2% during the second quarter, bringing its total holdings to 38,171 shares worth approximately $6.7 million.
• The company reported an earnings per share (EPS) of $2.42 for the last quarter, slightly exceeding analysts' expectations of $2.38 while also indicating a marginal year-over-year revenue decline of 0.7%.
• Avery Dennison declared a quarterly dividend of $0.94, which yields 2.4%, with a payout ratio of 42.20%, indicating solid shareholder returns amidst fluctuating performance.

Meyer Handelman Co. boosted its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 18.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,171 shares of the industrial products company's stock after buying an additional 5,888 shares during the quarter. Meyer Handelman Co.'s holdings in Avery Dennison were worth $6,698,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC lifted its holdings in Avery Dennison by 1.5% in the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock worth $2,203,000 after buying an additional 185 shares in the last quarter. Brown Advisory Inc. grew its stake in Avery Dennison by 3.6% in 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 in the last quarter. GAMMA Investing LLC grew its stake in Avery Dennison by 9.4% in the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after purchasing an additional 207 shares in the last quarter. Spire Wealth Management grew its stake in Avery Dennison by 630.9% in the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company's stock worth $392,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Avery Dennison by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company's stock worth $2,169,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Price Performance

NYSE AVY opened at $158.63 on Friday. Avery Dennison Corporation has a 52 week low of $157.00 and a 52 week high of $224.38. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.90. The company has a 50-day moving average price of $170.75 and a two-hundred day moving average price of $174.35.

Avery Dennison (NYSE:AVY - Get Free Report) last posted 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 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 analysts' expectations of $2.23 billion. During the same quarter in the prior year, the firm earned $2.42 EPS. Avery Dennison's quarterly revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.4%. Avery Dennison's dividend payout ratio is 42.20%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup lifted their price target on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Raymond James Financial lifted their price target on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Bank of America boosted their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. BMO Capital Markets reaffirmed an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus 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.

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