Nykredit A S Purchases New Holdings in Avery Dennison Corporation $AVY

Key Points

• Nykredit A/S purchased 20,226 Avery Dennison shares during the second quarter, worth approximately $3.28 million. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported quarterly EPS of $2.89, exceeding the $2.47 consensus estimate, while revenue rose 10.9% year over year to $2.46 billion.
• The company declared a quarterly dividend of $1.00 per share, equivalent to a 2.3% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22.

Nykredit A S purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,226 shares of the industrial products company's stock, valued at approximately $3,284,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Avery Dennison by 225.0% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 7,162 shares of the industrial products company's stock valued at $1,163,000 after buying an additional 4,958 shares in the last quarter. Keeler Thomas Management LLC lifted its stake in Avery Dennison by 8.2% in the second quarter. Keeler Thomas Management LLC now owns 6,825 shares of the industrial products company's stock valued at $1,108,000 after acquiring an additional 517 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Avery Dennison in the second quarter valued at $407,000. Greenleaf Trust grew its position in shares of Avery Dennison by 14.5% in the 2nd quarter. Greenleaf Trust now owns 1,991 shares of the industrial products company's stock valued at $323,000 after acquiring an additional 252 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Avery Dennison by 1.9% in the 2nd 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 acquiring an additional 17,769 shares during the period. Institutional investors own 94.17% of the company's stock.

Insider Buying and Selling

In other Avery Dennison news, SVP Ignacio Walker sold 1,742 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Avery Dennison Stock Performance

Shares of AVY stock opened at $175.27 on Monday. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.12 and a beta of 0.81. The company has a 50-day simple moving average of $170.12 and a 200 day simple moving average of $169.14. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the business posted $2.42 earnings per share. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison's dividend payout ratio is currently 43.81%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AVY shares. Bank of America reaffirmed a "buy" rating on shares of Avery Dennison in a report on Friday, August 14th. Weiss Ratings raised Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Avery Dennison from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. UBS Group lifted their target price on Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Truist Financial decreased their target price on Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Seven investment 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, the company has an average rating of "Moderate Buy" and an average 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.

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