Avery Dennison Corporation $AVY Stake Boosted by XTX Topco Ltd

XTX Topco Ltd increased its stake in Avery Dennison Corporation by 17.6% in Q2, owning 17,471 shares worth $3,066,000. Other investors also adjusted their holdings. Analysts have mixed ratings, with an average price target of $200.55. Avery Dennison reported Q3 earnings of $2.37 per share, beating estimates, and announced a quarterly dividend of $0.94.

XTX Topco Ltd lifted its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,471 shares of the industrial products company's stock after acquiring an additional 2,617 shares during the quarter. XTX Topco Ltd's holdings in Avery Dennison were worth $3,066,000 as of its most recent filing with the Securities and Exchange Commission.

Is Zoom Video Stock Getting Too Cheap to Pass Up?

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bayforest Capital Ltd bought a new stake in shares of Avery Dennison in the 1st quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Avery Dennison by 193.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 112 shares during the last quarter. NewSquare Capital LLC grew its position in Avery Dennison by 156.2% in the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company's stock worth $33,000 after acquiring an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Avery Dennison during the 2nd quarter worth $35,000. Finally, SouthState Corp raised its holdings in shares of Avery Dennison by 195.7% during the 1st 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. Hedge funds and other institutional investors own 94.17% of the company's stock.

Get Avery Dennison alerts:

Analyst Upgrades and Downgrades

AVY has been the subject of a number of analyst reports. UBS Group upgraded shares of Avery Dennison from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. BMO Capital Markets restated an "outperform" rating and set a $210.00 price objective on shares of Avery Dennison in a research report on Thursday, October 23rd. Argus set a $200.00 price target on shares of Avery Dennison in a research report on Tuesday, October 28th. Citigroup cut their price objective on Avery Dennison from $191.00 to $177.00 and set a "neutral" rating for the company in a report on Monday, September 29th. Finally, Truist Financial cut their price objective on Avery Dennison from $204.00 to $203.00 and set a "buy" rating for the company in a research report on Monday, October 13th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison currently has an average rating of "Moderate Buy" and an average price target of $200.55.

3 high-quality dividend growers to buy on the dip

Get Our Latest Analysis on Avery Dennison

Avery Dennison Stock Performance

Avery Dennison stock opened at $170.53 on Wednesday. The company has a market cap of $13.18 billion, a PE ratio of 19.40, a PEG ratio of 2.39 and a beta of 0.99. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $207.78. The company's 50-day moving average is $167.91 and its two-hundred day moving average is $173.11.

International Paper's 5% Yield Offers Big Value

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly 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. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. Avery Dennison's revenue for the quarter was up 1.5% compared to the same quarter last year. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Avery Dennison's dividend payout ratio is presently 42.78%.

Avery Dennison Company Profile

(Free Report)

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.

Should You Invest $1,000 in Avery Dennison Right Now?

Before you consider Avery Dennison, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Avery Dennison wasn't on the list.

While Avery Dennison currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here