Avery Dennison Corporation $AVY Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Avery Dennison Corporation (NYSE:AVY) by 9.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 527,520 shares of the industrial products company’s stock after purchasing an additional 46,782 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Avery Dennison were worth $92,564,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AVY. Bayforest Capital Ltd acquired a new position in Avery Dennison in the first quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Avery Dennison by 193.1% in 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 buying an additional 112 shares during the last quarter. SouthState Corp lifted its position in shares of Avery Dennison by 195.7% during the first quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 137 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Avery Dennison by 70.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Avery Dennison during the first quarter worth about $40,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

AVY has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Avery Dennison in a research report on Tuesday, October 14th. Bank of America increased their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Raymond James Financial increased their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and increased their price target for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.55.

Avery Dennison Stock Down 1.8%

Shares of NYSE:AVY opened at $175.99 on Thursday. The firm’s 50 day moving average price is $166.97 and its 200 day moving average price is $172.95. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 2.43 and a beta of 0.95. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $209.83. 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 announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.32 by $0.05. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio is currently 42.78%.

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.