T. Rowe Price Investment Management Inc. Raises Stock Holdings in Avery Dennison Corporation $AVY

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Avery Dennison Corporation by 0.6%, owning over 4.2 million shares valued at approximately $756 million.
• Avery Dennison reported a Q2 EPS of $2.42, surpassing estimates of $2.38, despite a slight 0.7% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.94 per share, with a projected annual yield of 2.1% for shareholders of record on September 3rd.

T. Rowe Price Investment Management Inc. lifted its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,249,377 shares of the industrial products company's stock after purchasing an additional 24,068 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 5.44% of Avery Dennison worth $756,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AVY. Mariner LLC raised its stake in Avery Dennison by 1.6% during the fourth quarter. Mariner LLC now owns 13,445 shares of the industrial products company's stock valued at $2,516,000 after buying an additional 213 shares during the last quarter. Jump Financial LLC bought a new stake in Avery Dennison during the fourth quarter valued at about $550,000. Canada Pension Plan Investment Board bought a new stake in Avery Dennison during the fourth quarter valued at about $2,358,000. GeoWealth Management LLC grew its holdings in Avery Dennison by 187.6% during the fourth quarter. GeoWealth Management LLC now owns 535 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 349 shares during the period. Finally, Forum Financial Management LP grew its holdings in Avery Dennison by 23.9% during the fourth quarter. Forum Financial Management LP now owns 1,311 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 253 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Up 1.5%

NYSE AVY traded up $2.6350 during midday trading on Friday, hitting $178.5150. 728,206 shares of the company traded hands, compared to its average volume of 606,248. 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 company has a market cap of $13.92 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88. The company's 50-day simple moving average is $176.39 and its 200-day simple moving average is $176.98. Avery Dennison Corporation has a 52 week low of $157.00 and a 52 week high of $224.38.

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 the consensus estimate of $2.38 by $0.04. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is currently 42.20%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AVY shares. Citigroup boosted 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. Argus downgraded Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. 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 report on Wednesday, July 23rd. Bank of America increased their price target on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Raymond James Financial increased their price target on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.