Tredje AP fonden Increases Holdings in Avery Dennison Corporation $AVY

Tredje AP fonden lifted its position in Avery Dennison Corporation (NYSE:AVY) by 135.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,606 shares of the industrial products company’s stock after purchasing an additional 5,518 shares during the period. Tredje AP fonden’s holdings in Avery Dennison were worth $1,747,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AVY. Empowered Funds LLC boosted its holdings in shares of Avery Dennison by 6.4% in the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares during the period. Focus Partners Wealth boosted its holdings in shares of Avery Dennison by 7.6% in the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 278 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Avery Dennison in the first quarter valued at approximately $1,209,000. EverSource Wealth Advisors LLC lifted its holdings in Avery Dennison by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock worth $68,000 after buying an additional 242 shares during the period. Finally, Marshall Wace LLP bought a new stake in Avery Dennison during the 2nd quarter valued at $241,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

Shares of AVY stock opened at $158.28 on Thursday. The business’s fifty day simple moving average is $167.00 and its 200-day simple moving average is $177.23. The company has a market cap of $12.11 billion, a PE ratio of 17.84, a PEG ratio of 2.65 and a beta of 0.84. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 12-month low of $152.68 and a 12-month high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Analysts expect that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Avery Dennison’s payout ratio is currently 42.39%.

Insider Activity

In related news, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the transaction, the director directly owned 211,147 shares of the company’s stock, valued at $36,714,240.36. This represents a 8.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AVY. JPMorgan Chase & Co. dropped their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup dropped their target price on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. BMO Capital Markets increased their target price on Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Truist Financial reaffirmed a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.11.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.