Callan Family Office LLC Purchases New Shares in Avery Dennison Corporation $AVY

Key Points

• Callan Family Office LLC acquired a new stake in Avery Dennison Corporation, purchasing 2,761 shares valued at approximately $484,000 during the second quarter.
• Institutional investors hold a significant majority of the company's stock, owning 94.17% of it, with several firms increasing their positions notably in the first quarter.
• Analysts maintain a "Moderate Buy" consensus rating on Avery Dennison, with price targets ranging from $181.00 to $207.00 following recent changes in their ratings.

Callan Family Office LLC purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,761 shares of the industrial products company's stock, valued at approximately $484,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position in shares of Avery Dennison by 905.0% in the first quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company's stock valued at $57,503,000 after purchasing an additional 291,848 shares during the period. Vanguard Group Inc. grew its position in shares of Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock valued at $1,772,450,000 after purchasing an additional 277,554 shares during the period. Nuveen LLC acquired a new stake in shares of Avery Dennison in the first quarter valued at about $46,322,000. Johnson Investment Counsel Inc. grew its position in shares of Avery Dennison by 1,305.6% in the first quarter. Johnson Investment Counsel Inc. now owns 264,452 shares of the industrial products company's stock valued at $47,065,000 after purchasing an additional 245,638 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock worth $281,715,000 after buying an additional 233,062 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Analyst Ratings Changes

AVY has been the topic of a number of recent research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Avery Dennison in a research report on Tuesday. UBS Group lowered their price target on shares of Avery Dennison from $188.00 to $181.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Finally, Truist Financial lowered their price target on shares of Avery Dennison from $204.00 to $203.00 and set a "buy" rating on the stock in a research report on Monday. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $195.30.

Avery Dennison Price Performance

Avery Dennison stock opened at $160.15 on Wednesday. The company's 50 day simple moving average is $167.47 and its 200-day simple moving average is $172.84. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $222.16. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 8.14% and a return on equity of 33.14%. The business's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts expect that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison's dividend payout ratio is presently 42.20%.

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.

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.