Nykredit A S Takes Position in Avery Dennison Corporation $AVY

Key Points

• Nykredit A/S acquired 16,172 Avery Dennison shares during the second quarter, valued at approximately $2.63 million. Institutional investors and hedge funds collectively own 94.17% of the company.
• Avery Dennison reported strong quarterly results, with $2.89 in EPS and $2.46 billion in revenue, surpassing analyst expectations; revenue increased 10.9% year over year.
• The company pays a quarterly dividend of $1.00 per share, equivalent to an annualized $4.00 dividend and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22.

Nykredit A S acquired a new position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,172 shares of the industrial products company's stock, valued at approximately $2,626,000.

Several other hedge funds have also modified their holdings of AVY. Trust Co. of Vermont purchased a new stake in Avery Dennison during the second quarter worth approximately $27,000. Elevation Wealth Partners LLC boosted its holdings in shares of Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock valued at $32,000 after buying an additional 171 shares in the last quarter. Root Financial Partners LLC grew its position in shares of Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock valued at $35,000 after buying an additional 73 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in Avery Dennison during the 4th quarter worth $37,000. Finally, Roxbury Financial LLC purchased a new stake in Avery Dennison in the second quarter valued at $40,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Stock Up 1.9%

Avery Dennison stock opened at $172.59 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The stock's fifty day moving average is $172.18 and its two-hundred day moving average is $167.17.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company earned $2.42 EPS. Avery Dennison's revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on AVY shares. Bank of America restated a "buy" rating on shares of Avery Dennison in a research note on Friday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Avery Dennison from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Finally, Argus set a $175.00 price target on shares of Avery Dennison in a research note on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Avery Dennison presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.22.

Insider Transactions at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares in the company, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Nicholas Colisto sold 3,886 shares of the firm'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 transaction, the senior vice president directly owned 7,126 shares in the company, valued at approximately $1,216,265.68. This represents a 35.29% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company's stock.

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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