Y Intercept Hong Kong Ltd Makes New Investment in Avery Dennison Corporation $AVY

Y Intercept Hong Kong Ltd bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,725 shares of the industrial products company’s stock, valued at approximately $1,180,000.

Several other institutional investors and hedge funds have also made changes to their positions in AVY. Vanguard Group Inc. lifted its holdings 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 valued at $1,772,450,000 after purchasing an additional 277,554 shares during the last quarter. Nuveen LLC purchased a new position in shares of Avery Dennison during the 1st quarter worth approximately $46,322,000. Victory Capital Management Inc. grew its holdings in shares of Avery Dennison by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock worth $281,715,000 after acquiring an additional 233,062 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Avery Dennison in the 2nd quarter worth approximately $39,077,000. Finally, Wealthquest Corp purchased a new position in shares of Avery Dennison during the 1st quarter worth approximately $31,544,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVY has been the topic of a number of analyst reports. Citigroup lowered their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Bank of America lifted their target price on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and lifted their target price for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. Truist Financial reduced their price objective on 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, Argus set a $200.00 price objective on shares of Avery Dennison in a report on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.55.

Avery Dennison Stock Down 0.4%

NYSE:AVY opened at $174.12 on Tuesday. The firm has a market capitalization of $13.46 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. The stock has a 50 day moving average of $166.86 and a 200-day moving average of $173.07. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $209.83. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.32 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio is 42.78%.

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.