Price T Rowe Associates Inc. MD Purchases 14,667 Shares of Avery Dennison Corporation $AVY

Key Points

• Price T Rowe Associates Inc. increased its stake in Avery Dennison Corporation by 1.2%, acquiring an additional 14,667 shares, bringing its total ownership to approximately 1.53% valued at $212.47 million.
• Avery Dennison reported earnings per share (EPS) of $2.42 for the last quarter, exceeding expectations, although revenue fell slightly by 0.7% year-over-year.
• The company declared a quarterly dividend of $0.94, set to be paid on September 17th, with a current yield of 2.1% and a payout ratio of 42.20%.

Price T Rowe Associates Inc. MD raised its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,193,864 shares of the industrial products company's stock after acquiring an additional 14,667 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.53% of Avery Dennison worth $212,473,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in 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 valued at $1,772,450,000 after acquiring an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. boosted 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 valued at $756,262,000 after acquiring an additional 24,068 shares during the period. Ameriprise Financial Inc. boosted its holdings in Avery Dennison by 12.9% during the fourth quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock valued at $409,014,000 after acquiring an additional 250,359 shares during the period. Lazard Asset Management LLC boosted its holdings in Avery Dennison by 4.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock valued at $344,603,000 after acquiring an additional 71,435 shares during the period. Finally, Victory Capital Management Inc. boosted 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 valued at $281,715,000 after acquiring an additional 233,062 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Performance

NYSE:AVY opened at $178.5150 on Friday. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $224.38. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $13.92 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88. The firm has a 50-day moving average price of $176.39 and a 200 day moving average price of $176.98.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results 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 net margin of 8.14% and a return on equity of 33.14%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business posted $2.42 earnings per share. 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. Research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is 42.20%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AVY shares. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James Financial increased their target price on shares of 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 reiterated an "outperform" rating and issued a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Citigroup increased their target price on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Avery Dennison currently has an average rating of "Moderate Buy" and a consensus target price of $197.60.

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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