Praxis Investment Management Inc. Takes $662,000 Position in Avery Dennison Corporation $AVY

Key Points

• Praxis Investment Management Inc. has acquired a new position in Avery Dennison Corporation, purchasing 3,770 shares valued at approximately $662,000.
• Avery Dennison recently reported earnings with an EPS of $2.42, slight surpassing analysts' expectations of $2.38, and revenue of $2.22 billion, down 0.7% from the previous year.
• The company announced a quarterly dividend of $0.94 per share, representing a 2.4% dividend yield and a payout ratio of 42.20%.

Praxis Investment Management Inc. purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,770 shares of the industrial products company's stock, valued at approximately $662,000.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC raised its position 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 valued at $2,203,000 after buying an additional 185 shares during the period. Fifth Third Bancorp raised its position in Avery Dennison by 5.9% in the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company's stock valued at $613,000 after purchasing an additional 196 shares during the period. Brown Advisory Inc. raised its position 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 valued at $386,000 after purchasing an additional 76 shares during the period. GAMMA Investing LLC raised its position 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 valued at $429,000 after purchasing an additional 207 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Avery Dennison by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,273 shares of the industrial products company's stock valued at $4,676,000 after purchasing an additional 1,772 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Performance

Shares of AVY stock opened at $159.34 on Friday. 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 firm has a fifty day moving average price of $166.87 and a 200 day moving average price of $172.48. The company has a market cap of $12.43 billion, a P/E ratio of 17.88, a PEG ratio of 2.35 and a beta of 0.95. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $221.54.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its 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. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Sell-side analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 3rd. Avery Dennison's dividend payout ratio is currently 42.20%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Bank of America boosted their target price on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Citigroup cut their target price on Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. 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. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Avery Dennison in a research report on Tuesday. Finally, UBS Group cut their price objective on Avery Dennison from $188.00 to $181.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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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