Raiffeisen Bank International AG Decreases Stock Holdings in Avery Dennison Corporation $AVY

Key Points

• Raiffeisen Bank International AG cut its Avery Dennison stake by 44.1% in the second quarter, selling 9,963 shares and retaining 12,611 shares worth approximately $2.06 million. Institutional investors collectively own 94.17% of the company.
• Avery Dennison reported quarterly EPS of $2.89, exceeding estimates of $2.47, while revenue rose 10.9% year over year to $2.46 billion. The company also declared a quarterly dividend of $1.00 per share, implying a 2.3% annual yield.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $201.22 versus the reported share price of $175.27; seven analysts rate the stock a Buy and two rate it a Hold.

Raiffeisen Bank International AG reduced its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 44.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,611 shares of the industrial products company's stock after selling 9,963 shares during the quarter. Raiffeisen Bank International AG's holdings in Avery Dennison were worth $2,060,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in shares of Avery Dennison in the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC grew its position in Avery Dennison by 684.0% during the second 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 during the period. Root Financial Partners LLC increased its holdings in Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock worth $35,000 after buying an additional 73 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Avery Dennison in the third quarter worth about $36,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Avery Dennison in the fourth quarter worth about $37,000. Institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Performance

Shares of AVY stock opened at $175.27 on Friday. The firm's 50 day moving average is $170.12 and its 200 day moving average is $169.32. The stock has a market capitalization of $13.28 billion, a P/E ratio of 19.20, a PEG ratio of 2.09 and a beta of 0.81. Avery Dennison Corporation has a 12 month low of $152.42 and a 12 month high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY - Get Free Report) last issued 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. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. On average, sell-side analysts anticipate that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Dividend Announcement

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

Insider Transactions at Avery Dennison

In related news, SVP Ignacio Walker sold 1,742 shares of the 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 sale, the senior vice president owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AVY. Argus set a $175.00 target price on shares of Avery Dennison in a research report on Thursday, June 4th. Citigroup upped their price objective on Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Wall Street Zen raised Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, UBS Group boosted their target price on Avery Dennison from $218.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison has a consensus rating of "Moderate Buy" and an average target price of $201.22.

About Avery Dennison

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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