Avery Dennison Corporation $AVY Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its position in Avery Dennison Corporation (NYSE:AVY) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,494 shares of the industrial products company’s stock after acquiring an additional 196 shares during the quarter. Fifth Third Bancorp’s holdings in Avery Dennison were worth $613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CHICAGO TRUST Co NA boosted its stake in shares of Avery Dennison by 15.9% during the 2nd quarter. CHICAGO TRUST Co NA now owns 6,555 shares of the industrial products company’s stock valued at $1,150,000 after buying an additional 897 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Avery Dennison by 15.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,772 shares of the industrial products company’s stock valued at $486,000 after buying an additional 363 shares during the last quarter. Matrix Trust Co boosted its stake in shares of Avery Dennison by 11.3% during the 2nd quarter. Matrix Trust Co now owns 836 shares of the industrial products company’s stock valued at $147,000 after buying an additional 85 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Avery Dennison by 53.8% during the 2nd quarter. UMB Bank n.a. now owns 989 shares of the industrial products company’s stock valued at $174,000 after buying an additional 346 shares during the last quarter. Finally, Diversified Trust Co boosted its stake 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 buying an additional 71 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup reduced their price objective on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday. 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 note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Raymond James Financial raised their price objective on Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Bank of America raised their price objective on Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five 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 price target of $196.80.

Avery Dennison Stock Performance

AVY stock opened at $160.28 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.47 and a beta of 0.90. Avery Dennison Corporation has a 1 year low of $157.00 and a 1 year high of $222.79. The stock’s fifty day moving average is $170.03 and its two-hundred day moving average is $174.06.

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

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Avery Dennison’s dividend payout ratio (DPR) is 42.20%.

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.