Trexquant Investment LP Boosts Stake in Avery Dennison Corporation $AVY

Key Points

• Trexquant Investment LP significantly increased its stake in Avery Dennison Corporation by 216.2%, acquiring an additional 54,704 shares during the first quarter, bringing its total holdings to 80,009 shares valued at approximately $14.24 million.
• Avery Dennison declared a quarterly dividend of $0.94 per share, with a yield of 2.2%, set to be paid on September 17th.
• Analysts have provided a generally optimistic outlook for Avery Dennison, with the consensus rating currently at "Moderate Buy" and a target price of $197.60.

Trexquant Investment LP increased its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 216.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,009 shares of the industrial products company's stock after purchasing an additional 54,704 shares during the quarter. Trexquant Investment LP owned 0.10% of Avery Dennison worth $14,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVY. GAMMA Investing LLC boosted its holdings in Avery Dennison by 19,370.0% during the 1st quarter. GAMMA Investing LLC now owns 428,730 shares of the industrial products company's stock valued at $76,301,000 after acquiring an additional 426,528 shares during the period. DAVENPORT & Co LLC boosted its holdings in Avery Dennison by 905.0% during the 1st quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company's stock valued at $57,503,000 after acquiring an additional 291,848 shares during the period. Vanguard Group Inc. boosted its holdings in Avery Dennison by 2.9% during the 1st 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. Nuveen LLC purchased a new position in Avery Dennison during the 1st quarter valued at about $46,322,000. Finally, Ameriprise Financial Inc. boosted its holdings in Avery Dennison by 12.9% during the 4th 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. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of NYSE:AVY traded up $0.43 during trading on Friday, reaching $171.51. The company had a trading volume of 486,904 shares, compared to its average volume of 591,648. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 2.64 and a beta of 0.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The stock's fifty day moving average price is $176.21 and its 200 day moving average price is $176.66. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last released its 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 business 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 company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

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 paid a $0.94 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison's payout ratio is 42.20%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AVY shares. Citigroup raised their target price on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. BMO Capital Markets reaffirmed an "outperform" rating and set a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial lifted their price target on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus 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.