Capital Fund Management S.A. Makes New $6.09 Million Investment in Avery Dennison Corporation $AVY

Key Points

• Capital Fund Management S.A. acquired 34,230 shares of Avery Dennison Corporation valued at approximately $6,092,000 in the first quarter, leading to increased institutional ownership in the company.
• Multiple analysts have upgraded their price targets for Avery Dennison, with Bank of America raising the price objective to $208.00 and Raymond James to $200.00, indicating strong market confidence.
• The company announced a quarterly dividend of $0.94 per share, which reflects an annualized yield of 2.1%, and has a dividend payout ratio of 42.20%.

Capital Fund Management S.A. purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 34,230 shares of the industrial products company's stock, valued at approximately $6,092,000.

A number of other institutional investors have also made changes to their positions in the business. Baker Avenue Asset Management LP increased its holdings in shares of Avery Dennison by 5.7% during 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 last quarter. 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 acquiring an additional 59 shares during the last quarter. 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 acquiring an additional 73 shares during the last quarter. 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 acquiring an additional 76 shares during the last quarter. 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 acquiring an additional 83 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Price Performance

Shares of AVY stock traded up $0.38 on Wednesday, hitting $173.60. 342,630 shares of the company's stock were exchanged, compared to its average volume of 738,883. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $224.38. The stock has a market cap of $13.54 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88. The company has a 50 day moving average of $176.36 and a 200 day moving average of $176.90.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the company earned $2.42 EPS. Avery Dennison's revenue for the quarter was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, equities research analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is currently 42.20%.

Analysts Set New Price Targets

Several analysts recently issued reports on AVY shares. BMO Capital Markets restated an "outperform" rating and issued a $207.00 price target (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup boosted their price target on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Raymond James Financial boosted their price target on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Argus downgraded Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

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.