Avery Dennison Corporation $AVY Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM raised its stake in Avery Dennison Corporation by 5.1%, now owning approximately 772,063 shares valued at about $137.4 million.
• Avery Dennison reported earnings of $2.42 per share, exceeding estimates, with a revenue of $2.22 billion but a year-over-year decline of 0.7%.
• The company announced a quarterly dividend of $0.94 per share, resulting in an annualized dividend of $3.76 and a yield of 2.3%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 772,063 shares of the industrial products company's stock after acquiring an additional 37,419 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.99% of Avery Dennison worth $137,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Choreo LLC increased its holdings in shares of Avery Dennison by 1.5% during the first quarter. Choreo LLC now owns 12,380 shares of the industrial products company's stock valued at $2,203,000 after acquiring an additional 185 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Avery Dennison during the fourth quarter valued at $496,000. Brown Advisory Inc. increased its holdings in shares of Avery Dennison by 3.6% during the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock valued at $386,000 after acquiring an additional 76 shares in the last quarter. GAMMA Investing LLC increased its holdings in Avery Dennison by 9.4% in the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after buying an additional 207 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Avery Dennison by 630.9% in the 1st quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company's stock worth $392,000 after buying an additional 1,899 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Down 0.9%

Shares of AVY traded down $1.47 during midday trading on Wednesday, reaching $164.76. 723,571 shares of the stock were exchanged, compared to its average volume of 727,252. Avery Dennison Corporation has a 52 week low of $157.00 and a 52 week high of $224.38. The company's 50 day moving average is $173.24 and its two-hundred day moving average is $175.29. The company has a market capitalization of $12.85 billion, a P/E ratio of 18.49, a PEG ratio of 2.54 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.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company earned $2.42 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors 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 dividend on an annualized basis and a yield of 2.3%. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. 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. Bank of America lifted their price objective on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. BMO Capital Markets reiterated an "outperform" rating and issued a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Finally, 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. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Avery Dennison currently has an average rating of "Moderate Buy" and an average price target of $197.60.

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.