United Services Automobile Association Invests $309,000 in Avery Dennison Corporation $AVY

Key Points

• United Services Automobile Association acquired 1,758 shares of Avery Dennison Corporation, valued at approximately $309,000, as revealed in their latest SEC filing.
• In the first quarter, significant investments in Avery Dennison were made by various institutional investors, with hedge funds owning 94.17% of the company's stock.
• Avery Dennison has recently upgraded its earnings per share (EPS) guidance for Q3 2025 to between 2.240-2.40, with their most recent quarterly EPS reported at $2.42, surpassing estimates.

United Services Automobile Association bought a new position in Avery Dennison Corporation (NYSE:AVY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,758 shares of the industrial products company's stock, valued at approximately $309,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock worth $1,772,450,000 after buying an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Avery Dennison by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company's stock worth $756,262,000 after buying an additional 24,068 shares during the period. Victory Capital Management Inc. increased its stake in shares of Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock worth $281,715,000 after buying an additional 233,062 shares during the period. Invesco Ltd. lifted its stake in Avery Dennison by 7.1% in the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company's stock worth $274,392,000 after acquiring an additional 101,996 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Avery Dennison by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company's stock worth $212,473,000 after acquiring an additional 14,667 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on AVY shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Bank of America raised their price target on Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Raymond James Financial raised their price target on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup raised their price target on Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. upped their price target on Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Avery Dennison has a consensus rating of "Moderate Buy" and a consensus target price of $197.60.

Avery Dennison Stock Down 0.5%

NYSE:AVY traded down $0.90 during trading hours on Monday, reaching $164.75. 685,735 shares of the company traded hands, compared to its average volume of 532,503. The business's 50-day moving average price is $173.56 and its two-hundred day moving average price is $175.35. The stock has a market capitalization of $12.85 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.55 and a beta of 0.90. Avery Dennison Corporation has a 1 year low of $157.00 and a 1 year high of $224.38. 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 earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the business posted $2.42 EPS. The company's revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.94 per share. The ex-dividend date is 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 currently 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.