Tredje AP fonden Sells 4,515 Shares of Avery Dennison Corporation $AVY

Tredje AP fonden lessened its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 52.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,088 shares of the industrial products company’s stock after selling 4,515 shares during the period. Tredje AP fonden’s holdings in Avery Dennison were worth $663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in Avery Dennison in the 3rd quarter worth approximately $843,000. NEOS Investment Management LLC bought a new stake in shares of Avery Dennison in the third quarter valued at approximately $348,000. Vanguard Group Inc. grew its stake in shares of Avery Dennison by 3.6% in the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after acquiring an additional 361,231 shares during the last quarter. Fifth Third Bancorp raised its stake in Avery Dennison by 26.7% during the 3rd quarter. Fifth Third Bancorp now owns 4,427 shares of the industrial products company’s stock valued at $718,000 after purchasing an additional 933 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Avery Dennison by 1.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 35,486 shares of the industrial products company’s stock valued at $5,755,000 after purchasing an additional 626 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Down 0.3%

Shares of AVY opened at $196.39 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43. The stock has a market cap of $15.18 billion, a PE ratio of 22.37, a PEG ratio of 3.52 and a beta of 1.00. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $197.54. The stock has a 50 day simple moving average of $187.21 and a 200-day simple moving average of $176.20.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.40 by $0.05. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm earned $2.38 EPS. Avery Dennison’s quarterly revenue was up 3.9% on a year-over-year basis. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, sell-side analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Avery Dennison’s dividend payout ratio is currently 42.82%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AVY. Truist Financial upped their price objective on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Argus set a $200.00 price target on Avery Dennison in a report on Tuesday, October 28th. Citigroup raised their price objective on Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. UBS Group boosted their price objective on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus price target of $208.45.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,156 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the transaction, the senior vice president directly owned 7,588 shares of the company’s stock, valued at $1,464,104.60. The trade was a 13.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.84% of the company’s stock.

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.