Avery Dennison Corporation $AVY Shares Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC boosted its position in shares of Avery Dennison Corporation (NYSE:AVY) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,313 shares of the industrial products company’s stock after buying an additional 586 shares during the period. Pure Financial Advisors LLC’s holdings in Avery Dennison were worth $757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AVY. DAVENPORT & Co LLC grew its stake in shares of Avery Dennison by 905.0% in the 1st quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company’s stock valued at $57,503,000 after purchasing an additional 291,848 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 277,554 shares during the last quarter. Nuveen LLC purchased a new position in shares of Avery Dennison in the 1st quarter valued at approximately $46,322,000. Johnson Investment Counsel Inc. grew its stake in shares of Avery Dennison by 1,305.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 264,452 shares of the industrial products company’s stock valued at $47,065,000 after purchasing an additional 245,638 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of 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 purchasing 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 Stock Up 0.1%

AVY opened at $162.69 on Friday. The business’s fifty day moving average is $168.98 and its two-hundred day moving average is $173.78. 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 company has a market cap of $12.69 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.50 and a beta of 0.95. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $222.16.

Avery Dennison (NYSE:AVY) last posted its 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. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given 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 payout ratio is presently 42.20%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AVY. Raymond James Financial lifted 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. Citigroup lowered their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Bank of America lifted their price target on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $196.80.

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.