Avery Dennison Corporation $AVY Stake Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in Avery Dennison Corporation (NYSE:AVY) by 12.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,273 shares of the industrial products company’s stock after buying an additional 143 shares during the quarter. Apollon Wealth Management LLC’s holdings in Avery Dennison were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in shares of Avery Dennison in the 1st quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Avery Dennison by 193.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 112 shares during the period. SouthState Corp grew its position in Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 bought a new stake in shares of Avery Dennison during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $159.34 on Friday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $221.54. 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 firm has a 50-day moving average of $166.87 and a two-hundred day moving average of $172.43. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.35 and a beta of 0.95.

Avery Dennison (NYSE:AVY) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.04. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate 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 for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, analysts expect that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.94 per share. 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 (DPR) is currently 42.20%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AVY shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Bank of America raised their price target on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Truist Financial cut their price objective on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.30.

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.