Vontobel Holding Ltd. Purchases Shares of 1,246 Avery Dennison Corporation $AVY

Vontobel Holding Ltd. acquired a new stake in Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,246 shares of the industrial products company’s stock, valued at approximately $219,000.

Several other institutional investors have also modified their holdings of AVY. Bayforest Capital Ltd bought a new stake in Avery Dennison in the first quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Avery Dennison by 193.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 112 shares during the last quarter. SouthState Corp grew its stake in shares of 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 boosted its holdings in Avery Dennison by 70.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares in the last quarter. Finally, Costello Asset Management INC bought a new stake in Avery Dennison during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Price Performance

AVY opened at $159.46 on Thursday. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $222.16. The stock has a fifty day moving average price of $167.31 and a 200 day moving average price of $172.75. 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 stock has a market cap of $12.43 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.36 and a beta of 0.95.

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

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid 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 payout ratio is presently 42.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AVY. Citigroup cut their price objective on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $207.00 target price (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 Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Truist Financial decreased their target price on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday. Finally, UBS Group decreased their target price on shares of Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.