Price T Rowe Associates Inc. MD Acquires 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 grew its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,193,864 shares of the industrial products company's stock after buying 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bayforest Capital Ltd acquired a new position in shares of Avery Dennison in the 1st quarter valued at approximately $27,000. SouthState Corp grew its position in shares of 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 during the period. Costello Asset Management INC acquired a new position in shares of Avery Dennison in the 1st quarter valued at approximately $40,000. American National Bank & Trust acquired a new position in shares of Avery Dennison in the 1st quarter valued at approximately $49,000. Finally, Grove Bank & Trust grew its position in shares of Avery Dennison by 17.7% in the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after purchasing an additional 59 shares during the period. Institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AVY shares. Bank of America boosted their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Citigroup boosted their price objective on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $197.60.

Avery Dennison Stock Up 0.2%

Shares of NYSE:AVY traded up $0.37 during trading on Friday, hitting $171.45. 111,965 shares of the company were exchanged, compared to its average volume of 735,148. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.67 and a beta of 0.88. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The firm has a fifty day moving average price of $176.29 and a two-hundred day moving average price of $176.80. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19.

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 for the quarter, topping the consensus estimate of $2.38 by $0.04. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison's payout ratio is 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.