UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $137.40 Million Holdings in Avery Dennison Corporation $AVY

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

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Avery Dennison by 2.9% in 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. T. Rowe Price Investment Management Inc. raised its stake in Avery Dennison by 0.6% in the 1st 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. Victory Capital Management Inc. raised its stake in Avery Dennison by 17.3% in the 1st 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. Invesco Ltd. raised its stake in Avery Dennison by 7.1% in the 1st quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company's stock valued at $274,392,000 after acquiring an additional 101,996 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Avery Dennison by 1.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company's stock valued at $212,473,000 after acquiring an additional 14,667 shares during the period. Institutional investors own 94.17% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on AVY. JPMorgan Chase & Co. increased their price objective on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Bank of America increased their price objective on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Citigroup increased their price objective on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Price Performance

Shares of NYSE AVY traded up $1.65 during mid-day trading on Thursday, reaching $166.59. The company had a trading volume of 260,184 shares, compared to its average volume of 725,983. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $224.38. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.56 and a beta of 0.90. The business's 50-day simple moving average is $172.87 and its 200 day simple moving average is $175.22.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping 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 analysts' expectations of $2.23 billion. During the same quarter last year, the business earned $2.42 earnings per share. Avery Dennison's revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, research analysts predict 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 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 dividend yield of 2.3%. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

About Avery Dennison

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.