Bahl & Gaynor Inc. Has $70.68 Million Stock Position in Avery Dennison Corporation $AVY

Key Points

• Bahl & Gaynor Inc. increased its stake in Avery Dennison Corporation by 17.0% in the first quarter, owning approximately 0.51% of the company, which is valued at $70.68 million.
• Analysts have mixed viewpoints on Avery Dennison, with a consensus rating of "Moderate Buy" and a target price averaging $197.60.
• Avery Dennison recently announced a quarterly dividend of $0.94 per share, translating to an annual yield of 2.1%, with a payout ratio of 42.20%.

Bahl & Gaynor Inc. grew its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 17.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 397,143 shares of the industrial products company's stock after purchasing an additional 57,794 shares during the period. Bahl & Gaynor Inc. owned about 0.51% of Avery Dennison worth $70,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVY. Baker Avenue Asset Management LP increased its stake in Avery Dennison by 5.7% during the fourth quarter. Baker Avenue Asset Management LP now owns 1,100 shares of the industrial products company's stock valued at $206,000 after acquiring an additional 59 shares during the period. Grove Bank & Trust increased its stake in Avery Dennison by 17.7% during the first quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 59 shares during the period. Forum Financial Management LP increased its stake in Avery Dennison by 5.6% during the first quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company's stock valued at $246,000 after acquiring an additional 73 shares during the period. Brown Advisory Inc. increased its stake in Avery Dennison by 3.6% during the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock valued at $386,000 after acquiring an additional 76 shares during the period. Finally, Figure 8 Investment Strategies LLC increased its stake in Avery Dennison by 1.1% during the first quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock valued at $1,404,000 after acquiring an additional 83 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AVY shares. Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Citigroup boosted their price target on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. BMO Capital Markets restated an "outperform" rating and set a $207.00 price target (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Bank of America boosted their price target 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. lifted their price objective on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Six equities research 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, Avery Dennison has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Stock Up 1.5%

Shares of AVY opened at $178.5150 on Friday. The company has a market capitalization of $13.92 billion, a P/E ratio of 20.04, a PEG ratio of 2.71 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 one year low of $157.00 and a one year high of $224.38. The business's 50 day simple moving average is $176.39 and its 200-day simple moving average is $177.03.

Avery Dennison (NYSE:AVY - Get Free Report) last announced 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. The business had revenue of $2.22 billion for 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%.Avery Dennison's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

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 issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's payout ratio is presently 42.20%.

Avery Dennison 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.

Want to see what other hedge funds are holding AVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avery Dennison Corporation (NYSE:AVY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.