MOKAN Wealth Management Inc. Invests $1.31 Million in Avery Dennison Corporation $AVY

MOKAN Wealth Management Inc. bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,489 shares of the industrial products company’s stock, valued at approximately $1,312,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Avery Dennison by 2.9% during 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 purchasing an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Avery Dennison by 0.6% during the 1st 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Avery Dennison by 17.3% during the 1st 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 in the last quarter. Invesco Ltd. boosted its position in shares of Avery Dennison by 7.1% during the 1st 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Avery Dennison by 1.2% during the 1st 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 in the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

AVY has been the topic of several analyst reports. Citigroup reduced their price target on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. BMO Capital Markets reiterated an “outperform” rating and set a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. UBS Group reduced their price target on shares of Avery Dennison from $188.00 to $181.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. increased their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research report on Saturday, September 27th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.00.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $158.50 on Monday. The firm has a market cap of $12.36 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95. The firm’s fifty day moving average is $167.83 and its 200-day moving average is $173.06. 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 52 week low of $157.00 and a 52 week high of $222.16.

Avery Dennison (NYSE:AVY) last issued its quarterly 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates 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 was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison’s dividend payout ratio (DPR) is currently 42.20%.

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.