J. Safra Sarasin Holding AG Makes New Investment in Avery Dennison Corporation $AVY

Key Points

• J. Safra Sarasin Holding AG recently acquired a new position in Avery Dennison Corporation, buying 3,488 shares valued at approximately $612,000 during the 2nd quarter.
• Avery Dennison's shares experienced a price target adjustment, with JPMorgan Chase raising it from $172 to $182, and Bank of America increasing it from $195 to $208, indicating a general positive outlook in the market.
• The company reported a quarterly EPS of $2.42, beating analysts' expectations, although its revenue saw a slight year-over-year decrease of 0.7% to $2.22 billion.

J. Safra Sarasin Holding AG bought a new position in Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,488 shares of the industrial products company's stock, valued at approximately $612,000.

Other hedge funds also recently bought and sold shares of the company. Choreo LLC raised its holdings in shares of Avery Dennison by 1.5% during the first quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock worth $2,203,000 after acquiring an additional 185 shares during the period. Fifth Third Bancorp raised its holdings in shares of Avery Dennison by 5.9% during the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company's stock worth $613,000 after acquiring an additional 196 shares during the period. Brown Advisory Inc. raised its holdings in shares of Avery Dennison by 3.6% during the first 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 period. GAMMA Investing LLC raised its holdings in shares of Avery Dennison by 9.4% during the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after acquiring an additional 207 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of Avery Dennison by 630.9% during the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company's stock worth $392,000 after acquiring an additional 1,899 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on AVY. JPMorgan Chase & Co. raised their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Raymond James Financial raised their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Avery Dennison in a research report on Saturday, September 27th. Bank of America lifted their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Citigroup lowered their price target on shares of Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Avery Dennison currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.80.

Avery Dennison Stock Performance

Shares of AVY opened at $163.42 on Friday. The firm has a 50-day moving average of $168.69 and a 200-day moving average of $173.63. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $222.16. The company has a market cap of $12.74 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. 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 (NYSE:AVY - Get Free Report) last announced 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 the consensus estimate of $2.23 billion. During the same quarter last year, the firm posted $2.42 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison's dividend payout ratio (DPR) is 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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