Locust Wood Capital Advisers LLC Makes New Investment in Avery Dennison Corporation $AVY

Locust Wood Capital Advisers LLC acquired a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,135 shares of the industrial products company’s stock, valued at approximately $726,000.

Other large investors also recently made changes to their positions in the company. Bayforest Capital Ltd bought a new position in Avery Dennison in the first quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Avery Dennison by 193.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 112 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its position in shares of Avery Dennison by 89.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 80 shares during the period. NewSquare Capital LLC grew its position in Avery Dennison by 156.2% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 114 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Avery Dennison in the 2nd quarter valued at $35,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Price Performance

Avery Dennison stock opened at $172.47 on Wednesday. The business has a 50-day simple moving average of $168.73 and a 200 day simple moving average of $172.76. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $206.45. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.34 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45.

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

Avery Dennison Announces Dividend

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

Wall Street Analysts Forecast Growth

AVY has been the topic of a number of recent research reports. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and raised their price objective for the company from $181.00 to $218.00 in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a research report on Monday, November 24th. Truist Financial decreased their price objective on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday, October 13th. BMO Capital Markets restated an “outperform” rating and issued a $210.00 target price on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, Citigroup dropped 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 report on Monday, September 29th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus 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.