Dimensional Fund Advisors LP Increases Stock Holdings in Avery Dennison Corporation $AVY

Key Points

• Dimensional Fund Advisors LP increased its stake in Avery Dennison Corporation by 6.9%, bringing its total ownership to approximately 920,424 shares, valued at $163.8 million.
• Avery Dennison recently announced a quarterly dividend of $0.94 per share, with a yield of 2.1%, set to be paid on September 17th to shareholders of record on September 3rd.
• Analyst ratings for Avery Dennison vary, with Citigroup raising its target price to $185.00, while Argus downgraded the stock from "strong-buy" to "hold," indicating mixed investor sentiment.

Dimensional Fund Advisors LP increased its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 920,424 shares of the industrial products company's stock after purchasing an additional 59,622 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.18% of Avery Dennison worth $163,788,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bayforest Capital Ltd bought a new stake in shares of Avery Dennison in the first quarter worth $27,000. SouthState Corp grew its stake in shares of Avery Dennison by 195.7% in the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock worth $37,000 after purchasing an additional 137 shares during the last quarter. Costello Asset Management INC bought a new stake in Avery Dennison during the first quarter valued at $40,000. American National Bank & Trust bought a new stake in Avery Dennison during the first quarter valued at $49,000. Finally, Grove Bank & Trust boosted its position in Avery Dennison by 17.7% during the first quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Up 1.5%

Shares of AVY stock traded up $2.6350 on Friday, reaching $178.5150. 728,206 shares of the company were exchanged, compared to its average volume of 606,248. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.75 and a beta of 0.88. The company has a 50-day moving average of $176.39 and a 200-day moving average of $176.98. 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 one year low of $157.00 and a one year high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.04. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is 42.20%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVY. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Bank of America upped their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Citigroup upped their price target on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison 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.