Avery Dennison Corporation $AVY Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Avery Dennison Corporation by 10.8% during the first quarter, owning 206,880 shares valued at approximately $36.8 million.
• Avery Dennison has a consensus rating of "Moderate Buy" with a price target of $197.60, as analysts provide mixed ratings with some upgrades and downgrades in recent reports.
• The company announced a quarterly dividend of $0.94 per share, indicating a 2.3% dividend yield for investors of record as of September 3rd.

NewEdge Advisors LLC boosted its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,880 shares of the industrial products company's stock after acquiring an additional 20,204 shares during the period. NewEdge Advisors LLC owned 0.26% of Avery Dennison worth $36,818,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new stake in Avery Dennison in the 1st quarter valued at approximately $27,000. SouthState Corp boosted its holdings in Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 137 shares in the last quarter. Costello Asset Management INC purchased a new stake in Avery Dennison in the 1st quarter valued at approximately $40,000. Transamerica Financial Advisors LLC boosted its holdings in Avery Dennison by 800.0% in the 1st quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 208 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in Avery Dennison in the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Price Performance

Shares of Avery Dennison stock traded down $2.22 during trading on Wednesday, hitting $164.66. 181,124 shares of the company were exchanged, compared to its average volume of 730,987. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 2.59 and a beta of 0.90. The firm has a 50 day moving average price of $174.89 and a 200 day moving average price of $175.98.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $2.42 EPS. The company'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. On average, equities analysts expect 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 will be paid on Wednesday, September 17th. Shareholders 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 annualized dividend and a yield of 2.3%. Avery Dennison's payout ratio is 42.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America lifted their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. BMO Capital Markets reissued an "outperform" rating and set a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup boosted their price target on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, Raymond James Financial boosted their price target on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Avery Dennison presently has a consensus rating of "Moderate Buy" and a consensus price target 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.