UniSuper Management Pty Ltd Has $2.05 Million Stock Holdings in Avery Dennison Corporation $AVY

UniSuper Management Pty Ltd increased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,522 shares of the industrial products company’s stock after buying an additional 338 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Avery Dennison were worth $2,051,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new stake in Avery Dennison during the first quarter valued at approximately $27,000. SouthState Corp boosted its holdings in Avery Dennison by 195.7% during the first quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 137 shares in the last quarter. Costello Asset Management INC acquired a new stake in Avery Dennison during the first quarter valued at approximately $40,000. Transamerica Financial Advisors LLC boosted its holdings in Avery Dennison by 800.0% during the first quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 208 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in Avery Dennison during the first quarter valued at approximately $49,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Down 1.2%

Shares of AVY opened at $164.81 on Thursday. The business’s 50 day simple moving average is $174.52 and its 200-day simple moving average is $175.91. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $224.38. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. The company has a market capitalization of $12.85 billion, a P/E ratio of 18.50, a PEG ratio of 2.57 and a beta of 0.90.

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, topping the consensus estimate of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the business earned $2.42 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Avery Dennison’s dividend payout ratio is currently 42.20%.

Wall Street Analyst Weigh In

AVY has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a report on Wednesday, July 23rd. Bank of America raised their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Citigroup raised their price objective on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Raymond James Financial boosted their target price on Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. boosted their target price on Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average price target of $197.60.

Avery Dennison Company 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.