Simon Quick Advisors LLC Purchases 783 Shares of Avery Dennison Corporation $AVY

Simon Quick Advisors LLC grew its position in Avery Dennison Corporation (NYSE:AVY) by 45.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,518 shares of the industrial products company’s stock after purchasing an additional 783 shares during the quarter. Simon Quick Advisors LLC’s holdings in Avery Dennison were worth $442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of 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 worth $1,772,450,000 after acquiring an additional 277,554 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Avery Dennison by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock worth $756,262,000 after acquiring an additional 24,068 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of 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 worth $281,715,000 after acquiring an additional 233,062 shares during the last quarter. Invesco Ltd. grew its stake in shares of Avery Dennison by 7.1% in the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock worth $274,392,000 after acquiring an additional 101,996 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Avery Dennison by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock worth $212,473,000 after acquiring an additional 14,667 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AVY shares. 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. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 price target on shares of Avery Dennison in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday, October 14th. Truist Financial decreased their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and an average target price of $200.55.

Avery Dennison Stock Down 0.5%

Shares of NYSE AVY opened at $175.01 on Monday. The stock has a market cap of $13.53 billion, a PE ratio of 19.91, a PEG ratio of 2.39 and a beta of 0.95. The business has a fifty day moving average of $166.90 and a two-hundred day moving average of $173.04. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $209.83. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $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 expect 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 will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. Avery Dennison’s dividend payout ratio (DPR) is presently 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.