Edgestream Partners L.P. Makes New $7.58 Million Investment in Avery Dennison Corporation $AVY

Edgestream Partners L.P. purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 43,202 shares of the industrial products company’s stock, valued at approximately $7,581,000. Edgestream Partners L.P. owned approximately 0.06% of Avery Dennison as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Lido Advisors LLC purchased a new position in Avery Dennison in the second quarter valued at about $368,000. Loomis Sayles & Co. L P acquired a new stake in shares of Avery Dennison during the 2nd quarter valued at about $46,000. Norges Bank bought a new stake in shares of Avery Dennison in the 2nd quarter valued at approximately $174,425,000. Northwestern Mutual Wealth Management Co. increased its holdings in Avery Dennison by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,547 shares of the industrial products company’s stock worth $798,000 after buying an additional 79 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Avery Dennison by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 72,907 shares of the industrial products company’s stock valued at $12,793,000 after acquiring an additional 410 shares in the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Trading Up 0.0%

Shares of NYSE:AVY opened at $172.44 on Tuesday. 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 stock’s 50-day moving average is $168.55 and its 200-day moving average is $172.84. The company 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 announced its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.05. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on AVY. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Argus set a $200.00 price objective on shares of Avery Dennison in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a report on Monday, November 24th. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 price target on shares of Avery Dennison in a research note on Thursday, October 23rd. Finally, UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and increased their price objective for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $200.55.

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.