MBB Public Markets I LLC Makes New $299,000 Investment in Avery Dennison Corporation $AVY

Key Points

• MBB Public Markets I LLC acquired a new stake in Avery Dennison Corporation, purchasing 1,680 shares valued at approximately $299,000 during the first quarter.
• Avery Dennison recently announced a quarterly dividend of $0.94 per share, which translates to an annual yield of 2.2%.
• The company's stock has a current market cap of $13.15 billion and its latest earnings report indicated earnings per share of $2.42, exceeding expectations by $0.04.

MBB Public Markets I LLC purchased a new position in Avery Dennison Corporation (NYSE:AVY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,680 shares of the industrial products company's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AVY. Choreo LLC lifted its stake in shares of 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 buying an additional 185 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Avery Dennison during the fourth quarter worth $496,000. Brown Advisory Inc. raised its position 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 valued at $386,000 after purchasing an additional 76 shares during the period. GAMMA Investing LLC lifted its stake in shares of Avery Dennison by 9.4% in the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock valued at $429,000 after purchasing an additional 207 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of Avery Dennison by 630.9% during 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 during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Up 0.6%

AVY stock traded up $1.06 during mid-day trading on Wednesday, reaching $167.29. The company had a trading volume of 82,669 shares, compared to its average volume of 725,176. The firm has a fifty day simple moving average of $173.24 and a 200 day simple moving average of $175.29. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, topping 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 firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm earned $2.42 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is currently 42.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AVY shares. Raymond James Financial lifted their price target 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. Citigroup boosted their target price on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised 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. BMO Capital Markets reiterated an "outperform" rating and issued a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Finally, Bank of America raised their target price on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Avery Dennison has a consensus rating of "Moderate Buy" and an average target price 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.