Northern Trust Corp Purchases 43,985 Shares of Avery Dennison Corporation $AVY

Key Points

• Northern Trust Corp increased its stake in Avery Dennison Corporation by 4.0% in Q1, now owning over 1.15 million shares valued at approximately $204.68 million.
• Avery Dennison reported $2.42 earnings per share for the last quarter, surpassing analysts' expectations, although revenue slightly declined compared to the previous year.
• The company announced a quarterly dividend of $0.94 per share, indicating an annualized yield of 2.1%, with the ex-dividend date set for September 3rd.

Northern Trust Corp raised its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,150,068 shares of the industrial products company's stock after purchasing an additional 43,985 shares during the period. Northern Trust Corp owned 1.47% of Avery Dennison worth $204,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings 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 purchasing an additional 277,554 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Avery Dennison by 12.9% during the fourth quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock valued at $409,014,000 after purchasing an additional 250,359 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Avery Dennison by 4.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock valued at $344,603,000 after purchasing an additional 71,435 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Avery Dennison by 17.3% during the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock valued at $281,715,000 after purchasing an additional 233,062 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Avery Dennison by 7.1% during the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company's stock valued at $274,392,000 after purchasing an additional 101,996 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

AVY has been the topic of several analyst reports. Bank of America increased their price target on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Citigroup increased their price target on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, July 11th. BMO Capital Markets restated an "outperform" rating and issued a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Stock Performance

Shares of Avery Dennison stock traded up $2.6350 during midday trading on Friday, hitting $178.5150. The company had a trading volume of 728,206 shares, compared to its average volume of 619,593. The business's 50 day simple moving average is $176.39 and its two-hundred day simple moving average is $176.95. The stock has a market cap of $13.92 billion, a PE ratio of 20.04, a P/E/G ratio of 2.75 and a beta of 0.88. 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 1-year low of $157.00 and a 1-year high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.04. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. Avery Dennison's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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

Avery Dennison Company 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.