Banco Bilbao Vizcaya Argentaria S.A. Buys 2,544 Shares of Avery Dennison Corporation $AVY

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Avery Dennison Corporation by 51.7%, acquiring an additional 2,544 shares to hold a total of 7,466 shares valued at approximately $1.325 million.
• Avery Dennison recently reported earnings of $2.42 per share, exceeding analyst expectations, with a slight year-over-year revenue decline of 0.7%.
• The company announced a quarterly dividend of $0.94 per share, which is set to be paid on September 17th, reflecting an annualized dividend yield of 2.1%.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 51.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,466 shares of the industrial products company's stock after buying an additional 2,544 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Avery Dennison were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in shares of Avery Dennison during the 1st quarter worth about $27,000. SouthState Corp lifted its stake in shares of Avery Dennison by 195.7% during the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company's stock worth $37,000 after buying an additional 137 shares during the last quarter. Costello Asset Management INC acquired a new stake in Avery Dennison in the 1st quarter worth about $40,000. American National Bank & Trust acquired a new stake in Avery Dennison in the 1st quarter worth about $49,000. Finally, Grove Bank & Trust raised its stake in Avery Dennison by 17.7% in 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 in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AVY. JPMorgan Chase & Co. lifted their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Citigroup lifted their price objective on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, Raymond James Financial lifted their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Price Performance

Shares of NYSE:AVY traded down $2.32 during midday trading on Thursday, hitting $170.94. The stock had a trading volume of 66,422 shares, compared to its average volume of 736,629. The company's 50-day moving average price is $176.35 and its 200-day moving average price is $176.87. The company has a market capitalization of $13.33 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.88. 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 Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.38 by $0.04. The company 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 business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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