1,439 Shares in Avery Dennison Corporation $AVY Purchased by Morningstar Investment Management LLC

Morningstar Investment Management LLC bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,439 shares of the industrial products company’s stock, valued at approximately $253,000.

Several other large investors have also recently added to or reduced their stakes in AVY. DAVENPORT & Co LLC increased its stake in Avery Dennison by 905.0% during the first quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company’s stock worth $57,503,000 after acquiring an additional 291,848 shares during the last quarter. Vanguard Group Inc. increased its stake in Avery Dennison by 2.9% during 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 acquiring an additional 277,554 shares during the last quarter. Nuveen LLC acquired a new stake in Avery Dennison during the first quarter worth about $46,322,000. Johnson Investment Counsel Inc. increased its stake in Avery Dennison by 1,305.6% during the first quarter. Johnson Investment Counsel Inc. now owns 264,452 shares of the industrial products company’s stock worth $47,065,000 after acquiring an additional 245,638 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Avery Dennison by 17.3% during 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 acquiring an additional 233,062 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

AVY stock opened at $160.15 on Wednesday. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $222.16. The stock has a 50-day simple moving average of $167.47 and a 200-day simple moving average of $172.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The firm has a market cap of $12.49 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95.

Avery Dennison (NYSE:AVY) 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm earned $2.42 EPS. Avery Dennison’s quarterly 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, equities analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group dropped their price target on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Truist Financial dropped their price target on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. increased their target price on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Citigroup lowered their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Raymond James Financial increased their target price on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.30.

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.