Aviva PLC Purchases 5,495 Shares of Avery Dennison Corporation $AVY

Aviva PLC raised its position in shares of Avery Dennison Corporation (NYSE:AVY) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,070 shares of the industrial products company’s stock after purchasing an additional 5,495 shares during the period. Aviva PLC’s holdings in Avery Dennison were worth $10,716,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Strengthening Families & Communities LLC increased its stake in shares of Avery Dennison by 16.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 408 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 58 shares during the last quarter. Bill Few Associates Inc. boosted its stake in Avery Dennison by 0.5% in the second quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company’s stock valued at $2,341,000 after buying an additional 67 shares in the last quarter. Diversified Trust Co grew its position in Avery Dennison by 0.5% in the second quarter. Diversified Trust Co now owns 13,287 shares of the industrial products company’s stock valued at $2,331,000 after acquiring an additional 71 shares during the last quarter. Forum Financial Management LP raised its stake in Avery Dennison by 5.6% during the first quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company’s stock worth $246,000 after acquiring an additional 73 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.4%

Shares of NYSE:AVY opened at $174.21 on Wednesday. The firm has a market cap of $13.47 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.39 and a beta of 0.99. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $207.99. The business has a fifty day simple moving average of $167.12 and a 200 day simple moving average of $173.15. 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 (NYSE:AVY) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the company posted $2.33 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.78%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price target for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. BMO Capital Markets restated an “outperform” rating and issued a $210.00 target price on shares of Avery Dennison in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Citigroup cut their price objective on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Raymond James Financial boosted their price objective on Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.55.

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.