Raiffeisen Bank International AG Trims Stake in Avery Dennison Corporation $AVY

Raiffeisen Bank International AG lowered its position in Avery Dennison Corporation (NYSE:AVY) by 44.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,611 shares of the industrial products company’s stock after selling 9,963 shares during the quarter. Raiffeisen Bank International AG’s holdings in Avery Dennison were worth $2,060,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AVY. Coldstream Capital Management Inc. grew its position in Avery Dennison by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock worth $393,000 after buying an additional 54 shares in the last quarter. Huntington National Bank raised its holdings in shares of Avery Dennison by 3.2% in the 4th quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 56 shares in the last quarter. Resources Management Corp CT ADV raised its holdings in shares of Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after acquiring an additional 62 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Avery Dennison by 22.9% during the 4th quarter. Rothschild Investment LLC now owns 387 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 72 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Truist Financial reduced their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.22.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio Walker sold 1,742 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the sale, the senior vice president owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.81% of the company’s stock.

Avery Dennison Price Performance

Shares of Avery Dennison stock opened at $175.27 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a fifty day moving average of $170.12 and a 200-day moving average of $169.32. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.09 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities research analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Avery Dennison’s payout ratio is currently 43.81%.

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.