Johnson Investment Counsel Inc. Grows Stock Position in Avery Dennison Corporation $AVY

Key Points

• Johnson Investment Counsel Inc. increased its stake in Avery Dennison Corporation by 19.1% during the 2nd quarter, owning approximately 0.40% of the company worth $55,262,000.
• Avery Dennison's most recent quarterly earnings beat analysts' expectations with $2.42 in earnings per share, despite a 0.7% revenue decline compared to the previous year.
• Analysts set a consensus target price of $196.00 for Avery Dennison, with ratings ranging from "buy" to "hold."

Johnson Investment Counsel Inc. boosted its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 19.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 314,937 shares of the industrial products company's stock after buying an additional 50,485 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.40% of Avery Dennison worth $55,262,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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. Bank of America increased their price target on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Citigroup dropped their price target on Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. JPMorgan Chase & Co. increased their price target on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Avery Dennison in a research report on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and a consensus target price of $196.00.

Avery Dennison Price Performance

Shares of AVY stock opened at $158.50 on Friday. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $222.16. The stock's 50-day moving average is $167.83 and its 200 day moving average is $173.09. The company has a market cap of $12.36 billion, a P/E ratio of 17.79, a PEG ratio of 2.45 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 issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company earned $2.42 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.4%. Avery Dennison's dividend payout ratio (DPR) 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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