Janney Montgomery Scott LLC Has $2.63 Million Stake in Avery Dennison Corporation $AVY

Key Points

• Janney Montgomery Scott LLC reduced its stake in Avery Dennison Corporation by 16.7%, selling 3,010 shares, bringing their total shares to 14,967 and their holdings valued at approximately $2.63 million.
• Avery Dennison's recent earnings report showed an EPS of $2.42, exceeding expectations, although their revenue fell 0.7% year-over-year, leading to a guidance for Q3 2025 of $2.24 to $2.40 EPS.
• Despite mixed analyst ratings, Avery Dennison has a consensus rating of "Moderate Buy" with a price target average of $196.00, indicating potential growth despite recent performance dips.

Janney Montgomery Scott LLC decreased its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 16.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,967 shares of the industrial products company's stock after selling 3,010 shares during the period. Janney Montgomery Scott LLC's holdings in Avery Dennison were worth $2,626,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AVY. DAVENPORT & Co LLC increased its holdings in shares of Avery Dennison by 905.0% in the 1st quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company's stock valued at $57,503,000 after purchasing an additional 291,848 shares during the period. Vanguard Group Inc. increased its holdings in shares of Avery Dennison by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock valued at $1,772,450,000 after purchasing an additional 277,554 shares during the period. Nuveen LLC acquired a new position in shares of Avery Dennison in the 1st quarter valued at about $46,322,000. Johnson Investment Counsel Inc. increased its holdings in shares of Avery Dennison by 1,305.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 264,452 shares of the industrial products company's stock valued at $47,065,000 after purchasing an additional 245,638 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Avery Dennison by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock valued at $281,715,000 after purchasing an additional 233,062 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AVY shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Avery Dennison in a report on Saturday, September 27th. BMO Capital Markets reissued an "outperform" rating and issued a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Citigroup lowered their price target on Avery Dennison from $191.00 to $177.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. Bank of America boosted their price target on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Avery Dennison currently has a consensus rating of "Moderate Buy" and an average price target of $196.00.

Avery Dennison Stock Performance

Shares of NYSE AVY opened at $160.83 on Friday. The business has a fifty day simple moving average of $167.97 and a 200 day simple moving average of $173.25. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.49 and a beta of 0.95. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $222.16.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results 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. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.Avery Dennison's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Sell-side analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

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