Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Holdings in Avery Dennison Corporation $AVY

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Avery Dennison Corporation by 14.8% in the first quarter, now holding 14,000 shares valued at approximately $2.49 million.
• Avery Dennison reported an earnings per share (EPS) of $2.42 for the last quarter, exceeding estimates, though its revenue declined by 0.7% year-over-year.
• The company announced a quarterly dividend of $0.94 per share, representing an annualized payout of $3.76 and a dividend yield of 2.1%.

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 14.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,000 shares of the industrial products company's stock after buying an additional 1,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Avery Dennison were worth $2,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. boosted its stake in Avery Dennison by 10.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 26,358 shares of the industrial products company's stock valued at $4,682,000 after acquiring an additional 2,474 shares in the last quarter. HighTower Advisors LLC grew its stake in Avery Dennison by 16.6% during the 1st quarter. HighTower Advisors LLC now owns 17,214 shares of the industrial products company's stock valued at $3,063,000 after acquiring an additional 2,451 shares in the last quarter. Trillium Asset Management LLC boosted its holdings in shares of Avery Dennison by 1.3% during the 1st quarter. Trillium Asset Management LLC now owns 73,039 shares of the industrial products company's stock worth $12,999,000 after purchasing an additional 955 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Avery Dennison by 9.3% in the 1st quarter. Public Sector Pension Investment Board now owns 10,951 shares of the industrial products company's stock worth $1,949,000 after acquiring an additional 932 shares during the last quarter. Finally, SouthState Corp lifted its holdings in 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 buying an additional 137 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird reduced their price target on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Bank of America upped their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. BMO Capital Markets reissued an "outperform" rating and issued a $207.00 price target (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, Argus downgraded Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Avery Dennison currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.60.

Avery Dennison Stock Up 2.0%

AVY traded up $3.4760 during trading on Friday, hitting $179.3560. 340,101 shares of the company's stock traded hands, compared to its average volume of 741,280. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.70 and a beta of 0.88. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $224.38. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The company's 50 day simple moving average is $176.31 and its two-hundred day simple moving average is $177.06.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the firm earned $2.42 EPS. Avery Dennison's revenue for the quarter was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's payout ratio is 42.20%.

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.