Taylor Frigon Capital Management LLC Sells 68 Shares of Avery Dennison Corporation $AVY

Taylor Frigon Capital Management LLC cut its holdings in Avery Dennison Corporation (NYSE:AVY) by 1.0% during the second quarter, HoldingsChannel reports. The firm owned 6,651 shares of the industrial products company’s stock after selling 68 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Avery Dennison were worth $1,167,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Twelve Points Wealth Management LLC lifted its holdings in shares of Avery Dennison by 10.4% during the second 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. Signaturefd LLC raised its position in shares of Avery Dennison by 52.0% during the second quarter. Signaturefd LLC now owns 696 shares of the industrial products company’s stock valued at $122,000 after buying an additional 238 shares during the last quarter. Patton Fund Management Inc. bought a new position in Avery Dennison during the second quarter valued at about $226,000. Congress Asset Management Co. increased its stake in Avery Dennison by 4.6% during the second quarter. Congress Asset Management Co. now owns 76,270 shares of the industrial products company’s stock valued at $13,383,000 after acquiring an additional 3,382 shares during the period. Finally, Meyer Handelman Co. raised its holdings in Avery Dennison by 18.2% in the 2nd quarter. Meyer Handelman Co. now owns 38,171 shares of the industrial products company’s stock valued at $6,698,000 after acquiring an additional 5,888 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets restated an “outperform” rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Raymond James Financial lifted their price target 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 restated a “neutral” rating on shares of Avery Dennison in a research note on Monday. Bank of America upped their target price on shares of Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $197.60.

Avery Dennison Trading Up 1.4%

Shares of AVY stock opened at $160.86 on Monday. The company has a market capitalization of $12.54 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.47 and a beta of 0.90. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $224.38. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $170.40 and a 200 day moving average price of $174.19.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the business posted $2.42 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Research analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders 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 yield of 2.3%. Avery Dennison’s payout ratio is presently 42.20%.

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.