Tectonic Advisors LLC Acquires 554 Shares of Avery Dennison Corporation $AVY

Tectonic Advisors LLC increased its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 22.6% in the second quarter, Holdings Channel.com reports. The fund owned 3,003 shares of the industrial products company’s stock after buying an additional 554 shares during the quarter. Tectonic Advisors LLC’s holdings in Avery Dennison were worth $527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Avery Dennison by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock worth $1,772,450,000 after acquiring an additional 277,554 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Avery Dennison by 0.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock worth $756,262,000 after acquiring an additional 24,068 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Avery Dennison by 17.3% during 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 last quarter. Invesco Ltd. lifted its stake in shares of Avery Dennison by 7.1% during the 1st quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock worth $274,392,000 after acquiring an additional 101,996 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Avery Dennison by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,193,864 shares of the industrial products company’s stock worth $212,473,000 after acquiring an additional 14,667 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Avery Dennison Trading Down 1.4%

AVY opened at $158.50 on Friday. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.48 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $222.16. The stock has a fifty day moving average price of $167.83 and a 200-day moving average price of $173.13.

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

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 3rd. Avery Dennison’s payout ratio is 42.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Raymond James Financial lifted their target price on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Citigroup decreased their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research report on Saturday, September 27th. 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. Finally, UBS Group decreased their target price on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.00.

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.