Swedbank AB Has $789,000 Holdings in Avery Dennison Corporation $AVY

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 trimmed its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 98.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,432 shares of the industrial products company's stock after selling 300,000 shares during the quarter. Swedbank AB's holdings in Avery Dennison were worth $789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVY. Millennium Management LLC increased its stake in shares of Avery Dennison by 23.7% in the 4th quarter. Millennium Management LLC now owns 122,782 shares of the industrial products company's stock valued at $22,976,000 after purchasing an additional 23,563 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Avery Dennison during the fourth quarter worth $496,000. ProShare Advisors LLC boosted its stake in shares of Avery Dennison by 3.5% during the fourth quarter. ProShare Advisors LLC now owns 13,690 shares of the industrial products company's stock worth $2,562,000 after buying an additional 464 shares during the period. Rafferty Asset Management LLC lifted its position in Avery Dennison by 12.2% in the fourth quarter. Rafferty Asset Management LLC now owns 6,972 shares of the industrial products company's stock valued at $1,305,000 after purchasing an additional 757 shares during the period. Finally, Royal Bank of Canada increased its holdings in Avery Dennison by 4.5% in the fourth quarter. Royal Bank of Canada now owns 176,893 shares of the industrial products company's stock valued at $33,102,000 after buying an additional 7,582 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Down 0.9%

Shares of NYSE AVY traded down $1.47 during midday trading on Wednesday, reaching $164.76. The company's stock had a trading volume of 723,579 shares, compared to its average volume of 544,135. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.56 and a beta of 0.90. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The stock has a 50 day simple moving average of $172.87 and a 200-day simple moving average of $175.22. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19.

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. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company earned $2.42 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Avery Dennison's dividend payout ratio is currently 42.20%.

Analysts Set New Price Targets

AVY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. BMO Capital Markets reissued an "outperform" rating and set a $207.00 target price (down from $216.00) on shares of Avery Dennison in a research note on Wednesday, July 23rd. Raymond James Financial upped their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup increased their price target on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $197.60.

Avery Dennison 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.