Moran Wealth Management LLC Invests $5.66 Million in Avery Dennison Corporation $AVY

Key Points

• Moran Wealth Management LLC has invested approximately $5.66 million in shares of Avery Dennison Corporation, acquiring 32,248 shares in the second quarter.
• Institutional investors and hedge funds own 94.17% of Avery Dennison's stock, with significant changes in positions from firms like Vanguard and T. Rowe Price.
• Avery Dennison announced a quarterly dividend of $0.94 per share, yielding 2.3%, while its recent earnings report indicated a slight decline in year-over-year revenue.

Moran Wealth Management LLC acquired a new position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,248 shares of the industrial products company's stock, valued at approximately $5,658,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Avery Dennison by 2.9% during the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock worth $1,772,450,000 after buying an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Avery Dennison by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company's stock worth $756,262,000 after purchasing an additional 24,068 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Avery Dennison by 17.3% during the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock worth $281,715,000 after purchasing an additional 233,062 shares in the last quarter. Invesco Ltd. raised its holdings in Avery Dennison by 7.1% during the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company's stock worth $274,392,000 after purchasing an additional 101,996 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Avery Dennison by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company's stock worth $212,473,000 after purchasing an additional 14,667 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of AVY opened at $160.15 on Wednesday. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $222.16. The company has a 50-day moving average of $167.47 and a two-hundred day moving average of $172.84. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.32 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results 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. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the company posted $2.42 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. 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 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison's payout ratio is 42.20%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AVY shares. Raymond James Financial boosted their target price on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Truist Financial dropped their target price on Avery Dennison from $204.00 to $203.00 and set a "buy" rating on the stock in a report on Monday. Bank of America boosted their target price on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Citigroup dropped their price target on Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a report on Monday, September 29th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.30.

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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