Avery Dennison Corporation $AVY Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 12.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,273 shares of the industrial products company’s stock after acquiring an additional 143 shares during the period. Apollon Wealth Management LLC’s holdings in Avery Dennison were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bayforest Capital Ltd purchased a new stake in shares of Avery Dennison during the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Avery Dennison by 193.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock worth $30,000 after buying an additional 112 shares during the period. SouthState Corp lifted its holdings in 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 buying an additional 137 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Avery Dennison by 70.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company’s stock valued at $37,000 after buying an additional 87 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Avery Dennison during the first quarter valued at about $40,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AVY shares. Raymond James Financial boosted 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. BMO Capital Markets restated 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. JPMorgan Chase & Co. increased their target price on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Citigroup dropped their price target on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.30.

Avery Dennison Stock Performance

Shares of AVY opened at $159.34 on Friday. The stock has a market capitalization of $12.43 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. The business’s fifty day moving average price is $166.87 and its 200 day moving average price is $172.43. 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 Corporation has a 12-month low of $156.23 and a 12-month high of $221.54.

Avery Dennison (NYSE:AVY) last issued its 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 net margin of 8.14% and a return on equity of 33.14%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the company earned $2.42 earnings per share. The firm’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 forecast 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. Shareholders of record on Wednesday, September 3rd were issued a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.4%. Avery Dennison’s dividend payout ratio (DPR) is currently 42.20%.

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.