Danske Bank A S Purchases Shares of 24,284 Avery Dennison Corporation $AVY

Danske Bank A S purchased a new stake in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, Holdings Channel reports. The fund purchased 24,284 shares of the industrial products company’s stock, valued at approximately $3,943,000.

Several other hedge funds have also recently made changes to their positions in the business. Trust Co. of Vermont acquired a new position in Avery Dennison during the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC boosted its stake in shares of Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 171 shares in the last quarter. Root Financial Partners LLC grew its holdings in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Avery Dennison in the third quarter worth about $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Avery Dennison in the 4th quarter worth about $37,000. 94.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Ignacio J. Walker sold 1,742 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the transaction, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This represents a 18.68% 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 owned by company insiders.

Avery Dennison Stock Up 0.6%

AVY stock opened at $183.79 on Friday. The stock has a market capitalization of $13.93 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.99 and a beta of 0.81. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54. The company has a fifty day moving average of $166.80 and a 200-day moving average of $170.32. 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 (NYSE:AVY) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.42. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.Avery Dennison’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.2%. Avery Dennison’s dividend payout ratio is 43.81%.

Analyst Ratings Changes

A number of equities analysts recently commented on AVY shares. Citigroup raised their target price on Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Wall Street Zen raised Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. JPMorgan Chase & Co. raised 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. Finally, Bank of America restated a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.22.

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.