Linden Thomas Advisory Services LLC Invests $236,000 in Avery Dennison Corporation $AVY

Linden Thomas Advisory Services LLC bought a new position in Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, Holdings Channel.com reports. The firm bought 1,343 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVY. GAMMA Investing LLC boosted its holdings in Avery Dennison by 9.4% in the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 207 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Avery Dennison by 11.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 2,953 shares of the industrial products company’s stock valued at $526,000 after purchasing an additional 300 shares during the last quarter. Spire Wealth Management boosted its holdings in Avery Dennison by 630.9% in the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 1,899 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Avery Dennison by 0.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 184,964 shares of the industrial products company’s stock valued at $32,918,000 after purchasing an additional 720 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Avery Dennison by 12.0% in the first quarter. KBC Group NV now owns 20,420 shares of the industrial products company’s stock valued at $3,634,000 after purchasing an additional 2,192 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $180.47 on Tuesday. The stock has a market cap of $14.07 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.46 and a beta of 0.95. The business has a fifty day simple moving average of $166.88 and a 200-day simple moving average of $172.81. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $209.83.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company earned $2.33 earnings per share. Avery Dennison’s quarterly revenue was up 1.5% compared to the same quarter last year. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial reduced their price target on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday, October 13th. Citigroup cut their price objective on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Bank of America upped their price objective on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Raymond James Financial upped their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, BMO Capital Markets restated an “outperform” rating and set a $210.00 price objective on shares of Avery Dennison in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.60.

Avery Dennison Company 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.