Avery Dennison Corporation $AVY Shares Sold by Swedbank AB

Key Points

• Swedbank AB significantly decreased its stake in Avery Dennison Corporation by 98.5%, selling 300,000 shares in the first quarter, leaving it with only 4,432 shares valued at approximately $789,000.
• Avery Dennison recently reported quarterly earnings of $2.42 EPS, surpassing analysts' expectations, and disclosed a quarterly dividend of $0.94 per share with an annual yield of 2.3%.
• Several analysts have updated their price targets for Avery Dennison, with BMO Capital Markets setting a target of $207.00, while the consensus price target is about $197.60, reflecting a "Moderate Buy" rating.

Swedbank AB lowered its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 98.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,432 shares of the industrial products company's stock after selling 300,000 shares during the period. Swedbank AB's holdings in Avery Dennison were worth $789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bayforest Capital Ltd bought a new position in Avery Dennison in the 1st quarter worth about $27,000. SouthState Corp boosted its holdings in Avery Dennison by 195.7% during the first 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. Costello Asset Management INC purchased a new stake in Avery Dennison in the 1st quarter worth approximately $40,000. Transamerica Financial Advisors LLC increased its stake in shares of Avery Dennison by 800.0% during the 1st quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company's stock worth $42,000 after purchasing an additional 208 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Avery Dennison in the 1st quarter valued at $43,000. Institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Performance

AVY traded down $0.38 during trading on Friday, hitting $164.66. 1,316,743 shares of the company traded hands, compared to its average volume of 583,767. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The firm has a market cap of $12.84 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $224.38. The stock's fifty day moving average is $172.13 and its 200 day moving average is $174.96.

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

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were issued a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Avery Dennison's payout ratio is 42.20%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AVY. BMO Capital Markets reiterated an "outperform" rating and set a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Citigroup lifted their target price on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Bank of America boosted their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial boosted their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $197.60.

About Avery Dennison

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.