Baird Financial Group Inc. Buys 2,205 Shares of Avery Dennison Corporation $AVY

Key Points

• Baird Financial Group Inc. increased its holdings in Avery Dennison Corporation to approximately $11.34 million, representing a growth of 3.6% during the first quarter.
• Several other hedge funds also adjusted their positions in Avery Dennison, with 94.17% of the stock now owned by institutional investors and hedge funds.
• Avery Dennison announced a quarterly dividend of $0.94 per share, with a payout ratio of 42.20%, to be paid on September 17th.

Baird Financial Group Inc. lifted its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,725 shares of the industrial products company's stock after acquiring an additional 2,205 shares during the quarter. Baird Financial Group Inc. owned about 0.08% of Avery Dennison worth $11,341,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AVY. Baker Avenue Asset Management LP raised its holdings in Avery Dennison by 5.7% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,100 shares of the industrial products company's stock worth $206,000 after acquiring an additional 59 shares during the period. Grove Bank & Trust increased its holdings in shares of Avery Dennison by 17.7% during the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock worth $70,000 after purchasing an additional 59 shares during the period. Forum Financial Management LP increased its holdings in shares of Avery Dennison by 5.6% during the 1st quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company's stock worth $246,000 after purchasing an additional 73 shares during the period. Brown Advisory Inc. increased its holdings in shares of Avery Dennison by 3.6% during the 1st 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. Finally, Figure 8 Investment Strategies LLC increased its holdings in shares of Avery Dennison by 1.1% during the 1st quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock worth $1,404,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets reiterated an "outperform" rating and set a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target 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. Bank of America boosted their price target 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. Argus lowered shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Raymond James Financial boosted their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Avery Dennison has a consensus rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison Trading Up 0.5%

NYSE AVY traded up $0.90 during trading hours on Friday, hitting $167.93. The company's stock had a trading volume of 636,835 shares, compared to its average volume of 571,805. The stock has a fifty day moving average of $175.32 and a 200 day moving average of $176.22. Avery Dennison Corporation has a twelve month low of $157.00 and a twelve month high of $224.38. The firm has a market capitalization of $13.10 billion, a P/E ratio of 18.85, a PEG ratio of 2.59 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.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company's revenue for the quarter was down .7% compared to the same quarter last year. 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. Equities research analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio 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.