Boston Trust Walden Corp Buys 13,754 Shares of Avery Dennison Corporation $AVY

Key Points

• Boston Trust Walden Corp increased its stake in Avery Dennison Corporation by 4.7% in Q2, acquiring an additional 13,754 shares, bringing its total ownership to 308,463 shares valued at approximately $54.1 million.
• Equities analysts have mixed ratings for Avery Dennison, with six analysts rating it as a "Buy" and six as a "Hold"; the consensus target price is currently $195.30.
• Avery Dennison recently announced a quarterly dividend of $0.94 per share, translating to an annual dividend yield of 2.4% and a payout ratio of 42.20%.

Boston Trust Walden Corp boosted its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 308,463 shares of the industrial products company's stock after acquiring an additional 13,754 shares during the period. Boston Trust Walden Corp owned 0.39% of Avery Dennison worth $54,126,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AVY. GAMMA Investing LLC boosted its position in shares of Avery Dennison by 9.4% during the 1st 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 during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Avery Dennison by 73.8% during the first quarter. Assenagon Asset Management S.A. now owns 21,256 shares of the industrial products company's stock valued at $3,783,000 after acquiring an additional 9,024 shares in the last quarter. CX Institutional purchased a new position in shares of Avery Dennison during the 1st quarter worth approximately $118,000. Wealth Enhancement Advisory Services LLC boosted its stake in Avery Dennison by 1.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company's stock worth $2,169,000 after acquiring an additional 217 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Avery Dennison by 2.3% during the first quarter. Exchange Traded Concepts LLC now owns 4,210 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 96 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AVY shares. Citigroup dropped their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a report on Monday, September 29th. Raymond James Financial increased their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. UBS Group dropped their price target on Avery Dennison from $188.00 to $181.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Bank of America upped their price target 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, BMO Capital Markets reissued an "outperform" rating and set a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $195.30.

Avery Dennison Trading Down 0.7%

NYSE AVY opened at $157.58 on Tuesday. The firm has a 50-day moving average price of $167.63 and a 200 day moving average price of $172.93. The stock has a market capitalization of $12.29 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.34 and a beta of 0.95. 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 52-week low of $157.00 and a 52-week high of $222.16.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly 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. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison's payout ratio is currently 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.

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.