Generali Asset Management SPA SGR Acquires New Position in Avery Dennison Corporation $AVY

Key Points

• Generali Asset Management SPA SGR has acquired a new stake in Avery Dennison Corporation, purchasing 17,644 shares valued at approximately $3.1 million.
• Despite a decrease in revenue year-over-year, Avery Dennison reported earnings per share of $2.42 for the last quarter, surpassing analyst expectations.
• Avery Dennison recently announced a quarterly dividend of $0.94 per share, representing a 2.4% yield and a payout ratio of 42.20%.

Generali Asset Management SPA SGR acquired a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,644 shares of the industrial products company's stock, valued at approximately $3,096,000.

Other hedge funds have also added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new position in Avery Dennison in the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Avery Dennison by 193.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company's stock valued at $30,000 after buying an additional 112 shares in the last quarter. SouthState Corp boosted its position in Avery Dennison by 195.7% in the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock valued at $37,000 after buying an additional 137 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Avery Dennison by 70.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company's stock valued at $37,000 after buying an additional 87 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in Avery Dennison in the first quarter valued at approximately $40,000. 94.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on AVY shares. Truist Financial cut their target price 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. Raymond James Financial raised their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised their target price 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. UBS Group cut their target price 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. Finally, Citigroup cut their price target 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. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $195.30.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $159.28 on Friday. The firm has a market cap of $12.42 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.36 and a beta of 0.95. 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 Corporation has a 52 week low of $156.23 and a 52 week high of $222.16. The firm's fifty day moving average is $167.10 and its 200-day moving average is $172.62.

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

Avery Dennison Announces Dividend

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

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