CW Advisors LLC Boosts Holdings in Avery Dennison Corporation $AVY

Key Points

• CW Advisors LLC increased its stake in Avery Dennison Corporation by 32.6%, now owning 18,556 shares worth approximately $3.3 million.
• Avery Dennison reported a quarterly EPS of $2.42, beating estimates, yet its revenue of $2.22 billion was down 0.7% compared to the previous year.
• The company declared a quarterly dividend of $0.94 per share, with a dividend yield of 2.1%, set to be paid on September 17th.

CW Advisors LLC increased its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 32.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,556 shares of the industrial products company's stock after buying an additional 4,565 shares during the period. CW Advisors LLC's holdings in Avery Dennison were worth $3,302,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Baker Avenue Asset Management LP increased its holdings in Avery Dennison by 5.7% during the fourth quarter. Baker Avenue Asset Management LP now owns 1,100 shares of the industrial products company's stock worth $206,000 after buying an additional 59 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Avery Dennison by 17.7% in the first 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. Forum Financial Management LP increased its stake in shares of Avery Dennison by 5.6% in the first quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company's stock worth $246,000 after purchasing an additional 73 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after purchasing an additional 76 shares in the last quarter. Finally, Figure 8 Investment Strategies LLC increased its stake in shares of Avery Dennison by 1.1% in the first quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock worth $1,404,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVY. Bank of America lifted their target price on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price 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. BMO Capital Markets reiterated an "outperform" rating and issued a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Argus downgraded shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Citigroup lifted their target price 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. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $197.60.

Avery Dennison Price Performance

AVY stock opened at $178.5150 on Friday. The firm has a 50 day moving average of $176.39 and a 200-day moving average of $176.98. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $224.38. The firm has a market capitalization of $13.92 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.75 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 analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business earned $2.42 earnings per share. Avery Dennison's 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, sell-side analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.1%. Avery Dennison's 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.

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