89,000 Shares in Avery Dennison Corporation $AVY Acquired by Strs Ohio

Key Points

• Strs Ohio has acquired 89,000 shares of Avery Dennison Corporation, valued at approximately $15.84 million, increasing its ownership to 0.11% as of its latest filing.
• Wall Street analysts have given Avery Dennison a consensus rating of "Moderate Buy", with a price target averaging around $197.60.
• Avery Dennison recently declared a quarterly dividend of $0.94, with a dividend yield of 2.3% and a payout ratio of 42.20%.

Strs Ohio bought a new position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 89,000 shares of the industrial products company's stock, valued at approximately $15,839,000. Strs Ohio owned 0.11% of Avery Dennison as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bayforest Capital Ltd purchased a new stake in Avery Dennison in the 1st quarter valued at $27,000. SouthState Corp grew its stake 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 during the period. Costello Asset Management INC purchased a new stake in shares of Avery Dennison during the 1st quarter valued at $40,000. Transamerica Financial Advisors LLC increased its position in shares of Avery Dennison by 800.0% during 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 during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in shares of Avery Dennison during the 1st quarter valued at $43,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AVY shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Bank of America raised 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 lifted their price objective on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial lifted their price objective on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $197.60.

Avery Dennison Price Performance

Shares of AVY traded up $1.91 during trading hours on Thursday, reaching $166.85. 319,247 shares of the company's stock traded hands, compared to its average volume of 726,312. The stock has a market cap of $13.01 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.56 and a beta of 0.90. 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's 50 day simple moving average is $172.87 and its 200-day simple moving average is $175.22. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating 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 return on equity of 33.14% and a net margin of 8.14%.The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company posted $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were given a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Avery Dennison's payout ratio is presently 42.20%.

Avery Dennison Company 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.