JGP Wealth Management LLC Has $1.07 Million Stake in Avery Dennison Corporation $AVY

JGP Wealth Management LLC trimmed its position in shares of Avery Dennison Corporation (NYSE:AVY) by 2.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,074 shares of the industrial products company’s stock after selling 170 shares during the quarter. JGP Wealth Management LLC’s holdings in Avery Dennison were worth $1,066,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Avery Dennison by 2.9% during the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company’s stock worth $1,772,450,000 after purchasing an additional 277,554 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Avery Dennison by 0.6% during the first 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 purchasing an additional 24,068 shares during the period. Victory Capital Management Inc. raised its position in shares of Avery Dennison by 17.3% during the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock worth $281,715,000 after purchasing an additional 233,062 shares during the period. Invesco Ltd. raised its position in shares of Avery Dennison by 7.1% during the first quarter. Invesco Ltd. now owns 1,541,787 shares of the industrial products company’s stock worth $274,392,000 after purchasing an additional 101,996 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Avery Dennison by 1.2% during the first 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 purchasing an additional 14,667 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America upped their target price on Avery Dennison from $195.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. UBS Group dropped their price objective on Avery Dennison from $188.00 to $181.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Citigroup dropped 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, September 29th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus price target of $195.30.

Avery Dennison Trading Up 1.7%

Shares of Avery Dennison stock opened at $160.15 on Wednesday. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $222.16. The firm has a market cap of $12.49 billion, a PE ratio of 17.97, a P/E/G ratio of 2.32 and a beta of 0.95. The stock has a fifty day moving average price of $167.47 and a 200-day moving average price of $172.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the firm posted $2.42 EPS. The business’s revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

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

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.