Avery Dennison Corporation $AVY Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp grew its position in Avery Dennison Corporation (NYSE:AVY) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,463 shares of the industrial products company’s stock after acquiring an additional 13,754 shares during the quarter. Boston Trust Walden Corp’s holdings in Avery Dennison were worth $54,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Avery Dennison by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock worth $1,772,450,000 after buying an additional 277,554 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Avery Dennison by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock worth $756,262,000 after acquiring an additional 24,068 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Avery Dennison by 17.3% in the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock valued at $281,715,000 after acquiring an additional 233,062 shares during the period. Invesco Ltd. grew its holdings in shares of Avery Dennison by 7.1% during the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock valued at $274,392,000 after purchasing an additional 101,996 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Avery Dennison by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock worth $212,473,000 after purchasing an additional 14,667 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Down 0.7%

Avery Dennison stock opened at $157.58 on Tuesday. Avery Dennison Corporation has a 52 week low of $157.00 and a 52 week high of $222.16. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.34 and a beta of 0.95. The company’s 50-day moving average price is $167.63 and its two-hundred day moving average price is $172.93. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.04. The business had revenue of $2.22 billion during 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 business’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. On average, analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison’s dividend payout ratio (DPR) is 42.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial reduced their price objective on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Saturday, September 27th. UBS Group cut their price objective on shares of Avery Dennison from $188.00 to $181.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Citigroup reduced their target price 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. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.30.

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.