Avery Dennison Corporation $AVY Shares Bought by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 5.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 239,100 shares of the industrial products company’s stock after buying an additional 12,600 shares during the quarter. Swiss National Bank owned 0.31% of Avery Dennison worth $41,955,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Bayforest Capital Ltd purchased a new position in shares of Avery Dennison during the 1st quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Avery Dennison by 193.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 112 shares during the period. NewSquare Capital LLC raised its position in Avery Dennison by 156.2% during the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Avery Dennison in the second quarter valued at approximately $35,000. Finally, SouthState Corp grew its stake in shares of Avery Dennison by 195.7% during the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

NYSE AVY opened at $167.66 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $167.83 and its 200-day simple moving average is $173.12. The company has a market cap of $12.96 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $207.99.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.32 by $0.05. The firm 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 revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. As a group, equities research analysts anticipate that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared 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 is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Avery Dennison’s payout ratio is presently 42.78%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AVY shares. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and increased their price target for the stock from $181.00 to $218.00 in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $182.00 to $195.00 in a research report on Thursday, October 23rd. Citigroup dropped their target price on Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Argus set a $200.00 price target on Avery Dennison in a research report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a research report on Monday, November 17th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Company 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.