Moran Wealth Management LLC Invests $5.66 Million in Avery Dennison Corporation $AVY

Moran Wealth Management LLC purchased a new position in Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,248 shares of the industrial products company’s stock, valued at approximately $5,658,000.

Other hedge funds have also modified their holdings of the company. Choreo LLC increased its stake in shares of Avery Dennison by 1.5% in the first quarter. Choreo LLC now owns 12,380 shares of the industrial products company’s stock worth $2,203,000 after acquiring an additional 185 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Avery Dennison by 5.9% in the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 196 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 76 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Avery Dennison by 9.4% in the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company’s stock worth $429,000 after acquiring an additional 207 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of Avery Dennison by 630.9% in the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 1,899 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Up 1.7%

AVY stock opened at $160.15 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $222.16. The company has a 50-day moving average of $167.47 and a two-hundred day moving average of $172.84. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the company earned $2.42 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Bank of America upped their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.