Mattson Financial Services LLC Sells 2,197 Shares of Avery Dennison Corporation $AVY

Key Points

• Mattson Financial Services LLC reduced its stake in Avery Dennison Corporation by 30.2%, now holding 5,087 shares valued at approximately $905,000.
• Analysts have raised their target prices for Avery Dennison, with Bank of America and Raymond James both issuing new targets of $208.00 and $200.00 respectively and assigning a "buy" rating.
• Avery Dennison announced a quarterly dividend of $0.94 per share, providing investors with a yield of 2.3%, with the ex-dividend date set for September 3rd.

Mattson Financial Services LLC trimmed its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 30.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,087 shares of the industrial products company's stock after selling 2,197 shares during the period. Mattson Financial Services LLC's holdings in Avery Dennison were worth $905,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Choreo LLC increased its stake in shares of Avery Dennison by 1.5% during the 1st 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 last quarter. Nomura Holdings Inc. bought a new position in Avery Dennison in the 4th quarter worth approximately $496,000. Brown Advisory Inc. lifted its stake in Avery Dennison by 3.6% in the 1st 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 in the last quarter. GAMMA Investing LLC lifted its stake in Avery Dennison by 9.4% in the 1st 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 in the last quarter. Finally, Spire Wealth Management lifted its stake in Avery Dennison by 630.9% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on AVY. JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Bank of America raised their price objective 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. Raymond James Financial raised their price objective 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. BMO Capital Markets restated an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, Citigroup raised their price objective 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 assigned a Hold rating to the stock. According to MarketBeat, Avery Dennison presently has an average rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Price Performance

AVY stock opened at $164.81 on Thursday. 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 $157.00 and a 52 week high of $224.38. The firm's fifty day moving average is $174.52 and its 200 day moving average is $175.91. The firm has a market cap of $12.85 billion, a P/E ratio of 18.50, a P/E/G ratio of 2.57 and a beta of 0.90.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results 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 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%. The company's revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $2.42 EPS. 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 year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is 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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