Praxis Investment Management Inc. Takes $662,000 Position in Avery Dennison Corporation $AVY

Praxis Investment Management Inc. purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,770 shares of the industrial products company’s stock, valued at approximately $662,000.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC raised its position in shares of Avery Dennison by 1.5% during the 1st quarter. Choreo LLC now owns 12,380 shares of the industrial products company’s stock valued at $2,203,000 after buying an additional 185 shares during the period. Fifth Third Bancorp raised its position in Avery Dennison by 5.9% in the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 196 shares during the period. Brown Advisory Inc. raised its position in Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 76 shares during the period. GAMMA Investing LLC raised its position in Avery Dennison by 9.4% in the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 207 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Avery Dennison by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,273 shares of the industrial products company’s stock valued at $4,676,000 after purchasing an additional 1,772 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

Shares of AVY stock opened at $159.34 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The firm has a fifty day moving average price of $166.87 and a 200 day moving average price of $172.48. The company has a market cap of $12.43 billion, a P/E ratio of 17.88, a PEG ratio of 2.35 and a beta of 0.95. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $221.54.

Avery Dennison (NYSE:AVY) last issued 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 firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Sell-side analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 3rd. Avery Dennison’s dividend payout ratio is currently 42.20%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Bank of America boosted their target price on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Citigroup cut their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Raymond James Financial boosted their target price on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a research report on Tuesday. Finally, UBS Group cut their price objective on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $195.30.

About Avery Dennison

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.