MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 1,772 Shares of Avery Dennison Corporation $AVY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Avery Dennison Corporation by 7.2% in Q1, acquiring an additional 1,772 shares, bringing its total holdings to 26,273 shares valued at approximately $4.68 million.
• Avery Dennison recently reported $2.42 earnings per share for the quarter, surpassing analysts' expectations and revealing a slight year-over-year revenue decline of 0.7%.
• The company announced a quarterly dividend of $0.94 per share, reflecting an annual yield of 2.2%, with the dividend set to be paid on September 17th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,273 shares of the industrial products company's stock after buying an additional 1,772 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Avery Dennison were worth $4,676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVY. Choreo LLC boosted 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 buying an additional 185 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Avery Dennison in the fourth quarter worth approximately $496,000. Brown Advisory Inc. boosted 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 buying an additional 76 shares in the last quarter. GAMMA Investing LLC boosted 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 buying an additional 207 shares in the last quarter. Finally, Spire Wealth Management boosted 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 buying an additional 1,899 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Raymond James Financial increased their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. BMO Capital Markets reissued an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Bank of America upped 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. Finally, JPMorgan Chase & Co. upped their target price on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison Stock Performance

Shares of NYSE AVY traded up $1.51 during trading on Wednesday, hitting $167.74. The company had a trading volume of 66,161 shares, compared to its average volume of 725,050. The stock has a 50 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. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $224.38. The firm has a market capitalization of $13.08 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.04. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.94 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison's payout ratio is 42.20%.

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.