J. Safra Sarasin Holding AG Takes Position in Avery Dennison Corporation $AVY

J. Safra Sarasin Holding AG bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the second quarter, HoldingsChannel reports. The institutional investor bought 3,488 shares of the industrial products company’s stock, valued at approximately $612,000.

A number of other hedge funds also recently modified their holdings of the stock. Pure Financial Advisors LLC lifted its stake in shares of Avery Dennison by 15.7% during the 2nd quarter. Pure Financial Advisors LLC now owns 4,313 shares of the industrial products company’s stock worth $757,000 after buying an additional 586 shares during the last quarter. USA Financial Formulas lifted its stake in shares of Avery Dennison by 12.5% during the 2nd quarter. USA Financial Formulas now owns 1,063 shares of the industrial products company’s stock worth $187,000 after buying an additional 118 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of Avery Dennison by 48.8% during the 2nd quarter. Trust Co. of Vermont now owns 305 shares of the industrial products company’s stock worth $54,000 after buying an additional 100 shares during the last quarter. Twelve Points Wealth Management LLC lifted its stake in shares of Avery Dennison by 10.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 5,580 shares of the industrial products company’s stock worth $979,000 after buying an additional 526 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Avery Dennison by 52.0% during the 2nd quarter. Signaturefd LLC now owns 696 shares of the industrial products company’s stock worth $122,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AVY. Raymond James Financial raised their target price 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. 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. BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Bank of America lifted 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research note on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.80.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $163.42 on Friday. The firm has a 50 day moving average of $168.69 and a 200-day moving average of $173.63. The stock has a market capitalization of $12.74 billion, a PE ratio of 18.34, a PEG ratio of 2.51 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $222.16.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.38 by $0.04. The company 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%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. 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. On average, equities research analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. Avery Dennison’s payout ratio is presently 42.20%.

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.