Avery Dennison Corporation $AVY Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont grew its holdings in Avery Dennison Corporation (NYSE:AVY) by 48.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 305 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Trust Co. of Vermont’s holdings in Avery Dennison were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in shares of Avery Dennison in the first quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Avery Dennison by 193.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after buying an additional 112 shares during the last quarter. SouthState Corp grew its holdings in shares of Avery Dennison by 195.7% in the first quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 137 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Avery Dennison by 70.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 87 shares during the period. Finally, Costello Asset Management INC purchased a new stake in shares of Avery Dennison in the first quarter valued at about $40,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Up 0.5%

Shares of NYSE:AVY opened at $163.42 on Friday. The firm’s 50 day moving average price is $168.69 and its 200 day moving average price is $173.66. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.50 and a beta of 0.95. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $222.16. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.04. The firm had revenue of $2.22 billion for 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 firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal 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 issued a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Avery Dennison’s dividend payout ratio (DPR) is 42.20%.

Analyst Upgrades and Downgrades

AVY has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a report on Saturday, September 27th. 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 report on Monday. Finally, Bank of America increased 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. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $196.80.

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.