KLP Kapitalforvaltning AS Buys 500 Shares of Avery Dennison Corporation $AVY

KLP Kapitalforvaltning AS grew its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 28,159 shares of the industrial products company’s stock after acquiring an additional 500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Avery Dennison were worth $4,941,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Grove Bank & Trust lifted its position in shares of Avery Dennison by 17.7% during the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 59 shares during the period. Diversified Trust Co lifted its position in shares of Avery Dennison by 0.5% during the 2nd 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 period. Forum Financial Management LP lifted its position in shares of Avery Dennison by 5.6% during the 1st quarter. Forum Financial Management LP now owns 1,384 shares of the industrial products company’s stock valued at $246,000 after acquiring an additional 73 shares during the period. Brown Advisory Inc. lifted its position in shares of Avery Dennison by 3.6% during the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock worth $386,000 after buying an additional 76 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC lifted its position in shares of Avery Dennison by 1.1% during the 1st quarter. Figure 8 Investment Strategies LLC now owns 7,889 shares of the industrial products company’s stock worth $1,404,000 after buying an additional 83 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVY has been the subject of several recent analyst reports. UBS Group dropped their price objective on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a research report on Monday. Raymond James Financial upped 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. 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. JPMorgan Chase & Co. upped their price objective on Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.00.

Avery Dennison Price Performance

Avery Dennison stock opened at $158.50 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $12.36 billion, a PE ratio of 17.79, a P/E/G ratio of 2.48 and a beta of 0.95. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $222.16. The stock has a 50-day moving average price of $167.83 and a two-hundred day moving average price of $173.13.

Avery Dennison (NYSE:AVY) last posted 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 firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.4%. Avery Dennison’s dividend 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.