Mattson Financial Services LLC Cuts Stock Position in 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 reduced its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 30.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,087 shares of the industrial products company's stock after selling 2,197 shares during the quarter. Mattson Financial Services LLC's holdings in Avery Dennison were worth $905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVY. Captrust Financial Advisors lifted its position in Avery Dennison by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 8,154 shares of the industrial products company's stock valued at $1,526,000 after acquiring an additional 424 shares in the last quarter. Ethic Inc. lifted its position in Avery Dennison by 6.8% in the 4th quarter. Ethic Inc. now owns 6,835 shares of the industrial products company's stock valued at $1,279,000 after acquiring an additional 435 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in Avery Dennison by 8.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 37,641 shares of the industrial products company's stock valued at $7,044,000 after acquiring an additional 2,881 shares in the last quarter. Focus Partners Wealth lifted its position in Avery Dennison by 134.7% in the 4th quarter. Focus Partners Wealth now owns 3,640 shares of the industrial products company's stock valued at $708,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Avery Dennison in the 4th quarter valued at approximately $543,000. 94.17% of the stock is owned by institutional investors.

Avery Dennison Stock Performance

Shares of NYSE:AVY traded up $1.21 during midday trading on Tuesday, hitting $166.06. The company had a trading volume of 187,049 shares, compared to its average volume of 726,065. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.55 and a beta of 0.90. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $224.38. The company has a fifty day moving average of $173.56 and a two-hundred day moving average of $175.35.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.38 by $0.04. The firm 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 business posted $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, equities research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is 42.20%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AVY. Raymond James Financial upped their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup increased their price target on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, July 11th. BMO Capital Markets reissued an "outperform" rating and set a $207.00 price target (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Bank of America increased their price target on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison 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.