Andra AP fonden Purchases Shares of 22,979 Avery Dennison Corporation $AVY

Key Points

• Andra AP fonden purchased 22,979 shares of Avery Dennison in the second quarter, valued at approximately $3.73 million. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported quarterly earnings of $2.89 per share, exceeding estimates by $0.42, while revenue rose 10.9% year over year to $2.46 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $201.22, compared with the stock’s reported price of $172.70; the company also pays a $4.00 annualized dividend yielding about 2.3%.

Andra AP fonden purchased a new position in Avery Dennison Corporation (NYSE:AVY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,979 shares of the industrial products company's stock, valued at approximately $3,731,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVY. BlackRock Inc. bought a new stake in Avery Dennison during the second quarter valued at about $1,052,464,000. Wellington Management Group LLP grew its holdings in Avery Dennison by 9.1% during the 2nd quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company's stock valued at $939,760,000 after buying an additional 482,054 shares in the last quarter. Norges Bank bought a new stake in shares of Avery Dennison during the fourth quarter valued at approximately $188,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Avery Dennison by 1.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company's stock valued at $155,350,000 after buying an additional 17,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Avery Dennison by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 879,056 shares of the industrial products company's stock worth $151,766,000 after buying an additional 21,044 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,886 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total transaction of $663,262.48. Following the completion of the sale, the senior vice president directly owned 7,126 shares of the company's stock, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ignacio Walker sold 1,742 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was 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 in the company, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AVY shares. Truist Financial dropped their target price on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Bank of America reissued a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Citigroup lifted 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. Finally, Wall Street Zen upgraded Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average target price of $201.22.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $172.70 on Thursday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The stock has a market capitalization of $13.09 billion, a P/E ratio of 18.92, a PEG ratio of 2.08 and a beta of 0.81. The firm has a fifty day simple moving average of $172.49 and a two-hundred day simple moving average of $167.09. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 34.60% and a net margin of 7.62%.The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, analysts expect that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $1.00 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Avery Dennison's dividend payout ratio (DPR) is presently 43.81%.

Avery Dennison Profile

Avery Dennison Corporation NYSE: AVY is a global materials science and manufacturing company that develops labeling, packaging, graphics, and functional material solutions. Its products are used by businesses in industries including retail, apparel, food and beverage, logistics, healthcare, automotive, and industrial manufacturing.

The company's offerings include pressure-sensitive label and packaging materials, graphic films, reflective materials, specialty tapes, performance polymers, and other adhesive products.

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