Navera Investment Management Ltd. Boosts Holdings in Avery Dennison Corporation $AVY

Key Points

• Navera Investment Management Ltd. increased its stake in Avery Dennison Corporation by 0.3%, now owning approximately 830,036 shares, making it the 20th largest holding in their portfolio.
• Several hedge funds have also raised their positions in Avery Dennison, with 94.17% of the stock owned by institutional investors.
• Avery Dennison's recent quarterly earnings report showed an EPS of $2.42, surpassing analysts' expectations, while it declared a quarterly dividend with a yield of 2.3%.

Navera Investment Management Ltd. raised its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 830,036 shares of the industrial products company's stock after acquiring an additional 2,123 shares during the period. Avery Dennison makes up approximately 2.6% of Navera Investment Management Ltd.'s holdings, making the stock its 20th biggest holding. Navera Investment Management Ltd. owned approximately 1.06% of Avery Dennison worth $145,562,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Choreo LLC raised its holdings in shares of Avery Dennison by 1.5% during the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock worth $2,203,000 after acquiring an additional 185 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Avery Dennison by 5.9% during the 2nd quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company's stock worth $613,000 after acquiring an additional 196 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Avery Dennison by 3.6% during the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after acquiring an additional 76 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Avery Dennison by 9.4% during the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after acquiring an additional 207 shares in the last quarter. Finally, Spire Wealth Management raised its holdings 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 acquiring an additional 1,899 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AVY. Bank of America upped their price objective on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Citigroup decreased their price objective on Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a report on Monday, September 29th. BMO Capital Markets reissued an "outperform" rating and set a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Raymond James Financial boosted their target price on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Avery Dennison in a research report on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $196.00.

Avery Dennison Stock Down 0.9%

NYSE:AVY opened at $161.24 on Wednesday. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. Avery Dennison Corporation has a twelve month low of $157.00 and a twelve month high of $222.16. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $168.24 and a 200-day simple moving average of $173.44.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS 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 analysts' expectations of $2.23 billion. During the same period in the prior year, the business 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. Analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison's payout ratio is presently 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.

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