43,202 Shares in Avery Dennison Corporation $AVY Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 43,202 shares of the industrial products company’s stock, valued at approximately $7,581,000.

Several other institutional investors also recently modified their holdings of AVY. Norges Bank acquired a new position in shares of Avery Dennison in the second quarter valued at $174,425,000. Vanguard Group Inc. increased its holdings 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 buying an additional 277,554 shares during the period. Nuveen LLC acquired a new position in shares of Avery Dennison in the 1st quarter valued at $46,322,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Avery Dennison during the 2nd quarter worth about $39,077,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Avery Dennison by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock valued at $164,865,000 after acquiring an additional 129,189 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Price Performance

Avery Dennison stock opened at $172.44 on Tuesday. The business’s fifty day moving average is $168.55 and its two-hundred day moving average is $172.84. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. The firm has a market cap of $13.33 billion, a P/E ratio of 19.62, a P/E/G ratio of 2.39 and a beta of 0.99. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $206.76.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the business posted $2.33 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities research analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio is 42.78%.

Analyst Ratings Changes

AVY has been the subject of a number of analyst reports. BMO Capital Markets restated an “outperform” rating and set a $210.00 price target on shares of Avery Dennison in a research note on Thursday, October 23rd. Truist Financial cut their target price on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research report on Monday, October 13th. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and upped their price target for the company from $181.00 to $218.00 in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avery Dennison in a research note on Monday, November 24th. Finally, Citigroup reduced their target price on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.55.

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.