Avery Dennison Corporation $AVY Shares Purchased by UBS Group AG

Key Points

• UBS Group AG boosted its stake in Avery Dennison by 42.5% in Q4, buying 99,669 shares to hold 334,262 shares (about 0.43% of the company) valued at approximately $60.8 million.
• Avery Dennison beat Q1 expectations with $2.47 EPS vs. $2.41 and $2.30 billion in revenue (up 7% YoY), and issued Q2 guidance of $2.43–$2.53 per share while analysts maintain a consensus "Moderate Buy" with a $204.11 target.
• The company raised its quarterly dividend to $1.00 (annualized $4.00), up from $0.94, reflecting a 2.5% yield and a payout ratio around 45%.

UBS Group AG boosted its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 42.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,262 shares of the industrial products company's stock after acquiring an additional 99,669 shares during the period. UBS Group AG owned 0.43% of Avery Dennison worth $60,796,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brindle & Bay Financial Advisors LLC acquired a new position in Avery Dennison in the 4th quarter valued at about $782,000. AEGON ASSET MANAGEMENT UK Plc increased its position in Avery Dennison by 9.9% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 213,450 shares of the industrial products company's stock worth $38,837,000 after purchasing an additional 19,168 shares during the period. Vanguard Group Inc. increased its position in Avery Dennison by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company's stock worth $1,900,428,000 after purchasing an additional 69,662 shares during the period. Concurrent Investment Advisors LLC increased its position in Avery Dennison by 7.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,514 shares of the industrial products company's stock worth $1,003,000 after purchasing an additional 400 shares during the period. Finally, Chicago Partners Investment Group LLC increased its position in Avery Dennison by 54.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 4,146 shares of the industrial products company's stock worth $777,000 after purchasing an additional 1,461 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Price Performance

AVY stock opened at $160.28 on Tuesday. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $199.54. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The stock's 50 day moving average price is $174.26 and its 200 day moving average price is $178.19. The firm has a market cap of $12.33 billion, a P/E ratio of 18.07, a PEG ratio of 2.80 and a beta of 0.84.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the company earned $2.30 EPS. Avery Dennison's revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts expect that Avery Dennison Corporation will post 10.06 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Avery Dennison's previous quarterly dividend of $0.94. Avery Dennison's dividend payout ratio is currently 45.10%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup dropped their target price 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. BMO Capital Markets boosted their price target on Avery Dennison from $215.00 to $224.00 and gave the stock an "outperform" rating in a research note on Friday, February 6th. Raymond James Financial set a $192.00 price objective on Avery Dennison in a report on Tuesday, April 21st. JPMorgan Chase & Co. lowered their target price on Avery Dennison from $205.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a "buy" rating and a $200.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Avery Dennison currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.11.

Insiders Place Their Bets

In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director owned 211,147 shares of the company's stock, valued at $36,714,240.36. This represents a 8.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction 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 in the company, valued at approximately $1,464,104.60. This represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 34,156 shares of company stock worth $5,930,150. Corporate insiders own 0.81% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.