Savant Capital LLC Buys 2,604 Shares of Avery Dennison Corporation $AVY

Savant Capital LLC grew its position in shares of Avery Dennison Corporation (NYSE:AVY) by 68.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,420 shares of the industrial products company’s stock after purchasing an additional 2,604 shares during the quarter. Savant Capital LLC’s holdings in Avery Dennison were worth $1,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 valued at $1,772,450,000 after buying an additional 277,554 shares during the period. Nuveen LLC bought a new position in shares of Avery Dennison during the first quarter valued at about $46,322,000. Victory Capital Management Inc. grew its stake in Avery Dennison by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock valued at $281,715,000 after purchasing an additional 233,062 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $39,077,000. Finally, Wealthquest Corp bought a new stake in Avery Dennison in the 1st quarter valued at about $31,544,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on AVY shares. BMO Capital Markets reissued an “outperform” rating and issued a $210.00 price target on shares of Avery Dennison in a report on Thursday, October 23rd. Truist Financial dropped their price objective on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday, October 13th. Argus set a $200.00 price objective on Avery Dennison in a research report on Tuesday, October 28th. Citigroup decreased their price target 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. Finally, UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $181.00 to $218.00 in a report on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.55.

Avery Dennison Stock Performance

NYSE AVY opened at $173.97 on Thursday. The stock has a market capitalization of $13.45 billion, a PE ratio of 19.79, a P/E/G ratio of 2.39 and a beta of 0.99. The business has a 50 day simple moving average of $167.27 and a two-hundred day simple moving average of $173.16. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $207.99.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data 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 analyst estimates of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company earned $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders 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 annualized dividend and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) is currently 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.