Woodline Partners LP Has $12.12 Million Stock Holdings in Avery Dennison Corporation $AVY

Key Points

• Woodline Partners LP increased its stake in Avery Dennison Corporation by 62.9%, acquiring a total of 68,098 shares valued at approximately $12.12 million.
• Avery Dennison's latest quarterly earnings showed an EPS of $2.42, slightly exceeding analysts' expectations, and reported a net margin of 8.14%.
• The company declared a quarterly dividend of $0.94 per share, reflecting a dividend yield of 2.2%, with payment scheduled for September 17th.

Woodline Partners LP grew its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 62.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,098 shares of the industrial products company's stock after acquiring an additional 26,295 shares during the quarter. Woodline Partners LP owned 0.09% of Avery Dennison worth $12,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Choreo LLC boosted its position in shares of Avery Dennison by 1.5% in the first quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock valued at $2,203,000 after acquiring an additional 185 shares during the period. Nomura Holdings Inc. bought a new position in Avery Dennison in the fourth quarter worth $496,000. Brown Advisory Inc. lifted its position 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 during the period. GAMMA Investing LLC lifted its position 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 during the period. Finally, Spire Wealth Management lifted its position 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 during the period. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Raymond James Financial raised their target price on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America raised their target price on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Citigroup increased their price objective on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison Price Performance

Avery Dennison stock traded up $1.01 during mid-day trading on Wednesday, hitting $167.24. 82,669 shares of the company were exchanged, compared to its average volume of 725,176. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $224.38. The company has a market capitalization of $13.04 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. 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 business has a fifty day moving average of $173.24 and a 200 day moving average of $175.29.

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 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 company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the company posted $2.42 earnings per share. The firm's quarterly 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. As a group, sell-side analysts expect that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. 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.