Bowen Hanes & Co. Inc. Has $6.26 Million Stock Holdings in Avery Dennison Corporation $AVY

Bowen Hanes & Co. Inc. decreased its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 26.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,659 shares of the industrial products company’s stock after selling 12,609 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Avery Dennison were worth $6,257,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in 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 buying an additional 277,554 shares during the last quarter. Nuveen LLC bought a new position in shares of Avery Dennison in the 1st quarter valued at about $46,322,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Avery Dennison during the 2nd quarter worth about $39,077,000. Wealthquest Corp bought a new stake in shares of Avery Dennison in the 1st quarter valued at about $31,544,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Avery Dennison by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 939,562 shares of the industrial products company’s stock valued at $164,865,000 after purchasing an additional 129,189 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Performance

AVY opened at $170.34 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. The business has a fifty day simple moving average of $167.77 and a 200 day simple moving average of $173.13. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $207.99. The company has a market capitalization of $13.17 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Research analysts expect 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 will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 3rd. Avery Dennison’s dividend payout ratio is presently 42.78%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a research note on Monday. Truist Financial reduced their price objective on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.55.

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.