Norges Bank Makes New Investment in Avery Dennison Corporation $AVY

Norges Bank bought a new position in Avery Dennison Corporation (NYSE:AVY) in the 4th quarter, Holdings Channel reports. The firm bought 1,036,055 shares of the industrial products company’s stock, valued at approximately $188,438,000.

Other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after buying an additional 169 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of Avery Dennison in the 4th quarter worth $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Avery Dennison in the 2nd quarter worth $37,000. Sound Income Strategies LLC lifted its holdings in shares of Avery Dennison by 51.1% in the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after buying an additional 72 shares during the period. Finally, True Wealth Design LLC lifted its holdings in shares of Avery Dennison by 285.7% in the 4th quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock worth $39,000 after buying an additional 160 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Avery Dennison

In related news, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial reissued a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. UBS Group reduced their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research report on Tuesday, April 21st. BMO Capital Markets boosted their price target on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison Trading Down 0.5%

Shares of NYSE:AVY opened at $156.20 on Thursday. The business’s 50-day moving average is $165.01 and its 200 day moving average is $176.14. Avery Dennison Corporation has a 1 year low of $152.68 and a 1 year high of $199.54. The firm has a market capitalization of $11.95 billion, a P/E ratio of 17.61, a P/E/G ratio of 2.70 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80.

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

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors 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 represents a $4.00 annualized dividend and a yield of 2.6%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio is currently 42.39%.

Avery Dennison Company Profile

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.