Avery Dennison Corporation $AVY Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 27.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 494,434 shares of the industrial products company's stock after acquiring an additional 107,727 shares during the period. JPMorgan Chase & Co. owned about 0.63% of Avery Dennison worth $86,762,000 at the end of the most recent quarter.

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A number of other institutional investors have also recently modified their holdings of AVY. Vanguard Group Inc. raised its holdings in Avery Dennison by 2.9% in 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 purchasing an additional 277,554 shares during the period. Nuveen LLC acquired a new position in shares of Avery Dennison during the 1st quarter worth approximately $46,322,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Avery Dennison during the 2nd quarter valued at approximately $39,077,000. Wealthquest Corp acquired a new stake in Avery Dennison in the 1st quarter valued at $31,544,000. Finally, Massachusetts Financial Services Co. MA increased its holdings 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 worth $164,865,000 after acquiring an additional 129,189 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Price Performance

Shares of AVY stock opened at $172.42 on Friday. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $207.78. The company has a market capitalization of $13.33 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The firm's 50-day moving average is $168.21 and its two-hundred day moving average is $173.10. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89.

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Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm's quarterly revenue was up 1.5% compared to the same quarter last year. 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. Analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio (DPR) is presently 42.78%.

Analyst Ratings Changes

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Several research firms have issued reports on AVY. Argus set a $200.00 price objective on shares of Avery Dennison in a report on Tuesday, October 28th. JPMorgan Chase & Co. raised shares of Avery Dennison from a "neutral" rating to an "overweight" rating and raised their price target for the company from $182.00 to $195.00 in a research note on Thursday, October 23rd. 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 note on Monday, October 13th. Weiss Ratings reissued a "hold (c-)" rating on shares of Avery Dennison in a report on Monday. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $210.00 price target on shares of Avery Dennison in a research note on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $200.55.

Check Out Our Latest Stock Report on Avery Dennison

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.

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