Sage Mountain Advisors LLC Acquires Shares of 1,361 Avery Dennison Corporation $AVY

Sage Mountain Advisors LLC acquired a new stake in Avery Dennison Corporation (NYSE:AVY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,361 shares of the industrial products company’s stock, valued at approximately $239,000.

Several other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Avery Dennison by 3.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 191,150 shares of the industrial products company’s stock valued at $33,541,000 after purchasing an additional 6,186 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Avery Dennison by 79.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 284 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 126 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Avery Dennison in the second quarter valued at about $143,000. Ethic Inc. grew its position in shares of Avery Dennison by 19.9% in the second quarter. Ethic Inc. now owns 6,668 shares of the industrial products company’s stock valued at $1,171,000 after purchasing an additional 1,108 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Avery Dennison by 6.5% in the second quarter. D.A. Davidson & CO. now owns 6,228 shares of the industrial products company’s stock valued at $1,093,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AVY. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $181.00 to $218.00 in a research report on Thursday. Raymond James Financial boosted their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Truist Financial reduced 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. Bank of America upped their target price 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. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $182.00 to $195.00 in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.60.

Avery Dennison Trading Down 2.6%

Shares of Avery Dennison stock opened at $181.39 on Monday. The company has a fifty day simple moving average of $166.72 and a 200-day simple moving average of $172.73. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $209.83. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.46 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.05. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, equities analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. Avery Dennison’s dividend payout ratio is currently 42.78%.

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.