BI Asset Management Fondsmaeglerselskab A S Purchases 19,080 Shares of Avery Dennison Corporation $AVY

Key Points

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BI Asset Management Fondsmaeglerselskab A S lifted its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 14.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,498 shares of the industrial products company's stock after purchasing an additional 19,080 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.20% of Avery Dennison worth $27,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Choreo LLC increased its stake 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 worth $2,203,000 after purchasing an additional 185 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Avery Dennison during the fourth quarter valued at $496,000. Brown Advisory Inc. grew 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 in the last quarter. GAMMA Investing LLC grew its stake in Avery Dennison by 9.4% during the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock valued at $429,000 after acquiring an additional 207 shares in the last quarter. Finally, Spire Wealth Management grew its stake in Avery Dennison by 630.9% during the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company's stock valued at $392,000 after acquiring an additional 1,899 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

AVY stock traded up $2.6350 during trading on Friday, hitting $178.5150. 728,206 shares of the company's stock traded hands, compared to its average volume of 606,248. Avery Dennison Corporation has a 52 week low of $157.00 and a 52 week high of $224.38. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The business has a fifty day simple moving average of $176.39 and a 200 day simple moving average of $177.03. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.71 and a beta of 0.88.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data 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. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the business earned $2.42 earnings per share. Avery Dennison'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, research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.1%. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVY. Raymond James Financial raised their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Citigroup raised their target price on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their target price on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.