Avery Dennison Corporation $AVY Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in Avery Dennison Corporation (NYSE:AVY) by 9.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,708 shares of the industrial products company’s stock after buying an additional 772 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Avery Dennison were worth $1,528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AVY. DAVENPORT & Co LLC increased its holdings in Avery Dennison by 905.0% in the first quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company’s stock valued at $57,503,000 after buying an additional 291,848 shares in the last quarter. Vanguard Group Inc. increased its holdings in Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock valued at $1,772,450,000 after buying an additional 277,554 shares in the last quarter. Nuveen LLC purchased a new position in Avery Dennison in the first quarter valued at about $46,322,000. Victory Capital Management Inc. increased its holdings in Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock valued at $281,715,000 after buying an additional 233,062 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in Avery Dennison in the second quarter valued at about $39,077,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVY has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday. Raymond James Financial raised their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. BMO Capital Markets reissued an “outperform” rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Finally, Bank of America raised their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $195.30.

Avery Dennison Stock Down 0.0%

AVY stock opened at $159.34 on Friday. The stock has a market capitalization of $12.43 billion, a P/E ratio of 17.88, a PEG ratio of 2.35 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. Avery Dennison Corporation has a one year low of $156.23 and a one year high of $221.54. The company has a 50 day moving average price of $166.87 and a two-hundred day moving average price of $172.48.

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

Avery Dennison Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, September 3rd. Avery Dennison’s payout ratio is presently 42.20%.

Avery Dennison 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.