Wealth Enhancement Advisory Services LLC Purchases 3,814 Shares of Avery Dennison Corporation $AVY

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Avery Dennison Corporation by 31.3%, acquiring an additional 3,814 shares, bringing its total holdings to nearly 16,000 shares valued at approximately $2.93 million.
• Avery Dennison reported a quarterly earnings per share (EPS) of $2.42, surpassing the consensus estimate by $0.04, despite a slight year-over-year revenue decline.
• Multiple analysts have raised their price targets for Avery Dennison, with an average target of $197.60, reflecting a Moderate Buy consensus rating.

Wealth Enhancement Advisory Services LLC raised its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 31.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,999 shares of the industrial products company's stock after purchasing an additional 3,814 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Avery Dennison were worth $2,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Grove Bank & Trust raised its stake in Avery Dennison by 17.7% during the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after buying an additional 59 shares during the last quarter. Forum Financial Management LP boosted its position in shares of Avery Dennison by 5.6% during the 1st quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company's stock worth $246,000 after acquiring an additional 73 shares in the last quarter. Brown Advisory Inc. increased its stake in Avery Dennison by 3.6% in the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 76 shares in the last quarter. Figure 8 Investment Strategies LLC lifted its stake in shares of Avery Dennison by 1.1% during the first quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company's stock worth $1,404,000 after purchasing an additional 83 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Avery Dennison by 0.5% in the first quarter. Amalgamated Bank now owns 16,076 shares of the industrial products company's stock valued at $2,861,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Up 1.4%

Shares of AVY stock opened at $160.86 on Friday. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.47 and a beta of 0.90. The stock's 50 day simple moving average is $170.40 and its 200 day simple moving average is $174.20. 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 twelve month low of $157.00 and a twelve month high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly 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. 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%.Avery Dennison's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, research analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. Avery Dennison's dividend payout ratio (DPR) is 42.20%.

Analysts Set New Price Targets

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

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