MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New Investment in Avery Dennison Corporation $AVY

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has invested approximately $39 million in a new stake of 222,697 shares of Avery Dennison Corporation during the second quarter.
• Avery Dennison reported an EPS of $2.42 for the last quarter, beating analysts' expectations by $0.04, although revenue decreased by 0.7% year-over-year.
• The company announced a quarterly dividend of $0.94 per share, resulting in a 2.3% dividend yield, with a payout ratio of 42.20%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 222,697 shares of the industrial products company's stock, valued at approximately $39,077,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.28% of Avery Dennison as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AVY. Bayforest Capital Ltd acquired a new position in shares of Avery Dennison during the 1st quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Avery Dennison by 193.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 112 shares during the period. SouthState Corp raised its position in Avery Dennison by 195.7% in the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 137 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Avery Dennison by 70.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 87 shares during the period. Finally, Costello Asset Management INC purchased a new stake in shares of Avery Dennison during the first quarter worth $40,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Stock Down 0.7%

AVY stock opened at $162.22 on Thursday. 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 firm has a market cap of $12.65 billion, a PE ratio of 18.21, a P/E/G ratio of 2.51 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 firm has a 50 day simple moving average of $171.19 and a 200 day simple moving average of $174.55.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business posted $2.42 EPS. Avery Dennison's 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. Equities research 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 declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.94 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. Avery Dennison's payout ratio is currently 42.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup boosted their price objective on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. 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. Bank of America lifted their target price on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. BMO Capital Markets reissued an "outperform" rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Avery Dennison has a consensus rating of "Moderate Buy" and an average target price of $197.60.

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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