Avery Dennison Corporation $AVY Shares Purchased by Tredje AP fonden

Tredje AP fonden lifted its position in Avery Dennison Corporation (NYSE:AVY) by 135.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,606 shares of the industrial products company’s stock after acquiring an additional 5,518 shares during the period. Tredje AP fonden’s holdings in Avery Dennison were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AVY. Empowered Funds LLC increased its position in shares of Avery Dennison by 6.4% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after acquiring an additional 819 shares during the period. Focus Partners Wealth increased its position in shares of Avery Dennison by 7.6% in the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after acquiring an additional 278 shares during the period. Intech Investment Management LLC acquired a new stake in Avery Dennison during the 1st quarter worth about $1,209,000. EverSource Wealth Advisors LLC grew its position in Avery Dennison by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 242 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Avery Dennison during the 2nd quarter worth about $241,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Trading Up 2.6%

AVY stock opened at $158.28 on Thursday. The company’s 50-day simple moving average is $167.00 and its 200-day simple moving average is $177.23. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 52-week low of $152.68 and a 52-week high of $199.54. The firm has a market cap of $12.11 billion, a P/E ratio of 17.84, a PEG ratio of 2.65 and a beta of 0.84.

Avery Dennison (NYSE:AVY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business 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 company’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, equities analysts forecast that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

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

Insider Activity

In other news, Director Mitchell R. Butier sold 13,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $171.50, for a total transaction of $2,229,500.00. Following the sale, the director directly owned 198,147 shares of the company’s stock, valued at $33,982,210.50. This represents a 6.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AVY has been the topic of several analyst reports. UBS Group cut their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. JPMorgan Chase & Co. cut their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target on the stock. Citigroup cut their price target 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. Finally, Truist Financial reaffirmed a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and an average price target of $204.11.

Avery Dennison 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.