Swiss National Bank Trims Stock Holdings in Avery Dennison Corporation $AVY

Key Points

• Swiss National Bank trimmed its Avery Dennison holding by 5.7% in Q3, selling 13,700 shares and leaving 225,400 shares worth $36.55 million (about 0.29% of the company).
• Avery Dennison beat EPS estimates with $2.45 vs. $2.40 consensus while revenue rose 3.9% YoY to $2.27B (slightly below estimates), and management set Q1 2026 EPS guidance of $2.40–2.46.
• The company declared a $0.94 quarterly dividend (annualized $3.76, ~2.2% yield), and analysts remain largely positive—consensus "Moderate Buy" with an average price target of $208.45 after multiple upgrades.

Swiss National Bank lessened its holdings in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,400 shares of the industrial products company's stock after selling 13,700 shares during the quarter. Swiss National Bank owned 0.29% of Avery Dennison worth $36,553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVY. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Avery Dennison during the third quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of Avery Dennison by 89.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company's stock worth $30,000 after buying an additional 80 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Avery Dennison in the second quarter valued at $37,000. MUFG Securities EMEA plc bought a new position in Avery Dennison during the 2nd quarter valued at $41,000. Finally, Quent Capital LLC acquired a new position in Avery Dennison during the 3rd quarter worth $44,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Stock Performance

Shares of NYSE AVY traded down $0.15 during midday trading on Friday, hitting $170.87. The company's stock had a trading volume of 108,840 shares, compared to its average volume of 639,747. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.76 and a current ratio of 1.13. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $199.54. The firm's fifty day moving average price is $188.08 and its 200-day moving average price is $177.12. The firm has a market cap of $13.14 billion, a P/E ratio of 19.44, a P/E/G ratio of 3.12 and a beta of 0.97.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. Avery Dennison's quarterly revenue was up 3.9% on a year-over-year basis. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, sell-side analysts forecast 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 will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Avery Dennison's dividend payout ratio (DPR) is 42.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, February 9th. BMO Capital Markets lifted their price target on Avery Dennison from $215.00 to $224.00 and gave the stock an "outperform" rating in a research note on Friday, February 6th. Citigroup boosted their price objective on Avery Dennison from $188.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Truist Financial upped their price objective on Avery Dennison from $213.00 to $234.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Finally, UBS Group lifted their target price on Avery Dennison from $218.00 to $226.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $208.45.

Insider Activity

In related news, SVP Ignacio J. Walker sold 1,156 shares of the business's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares in the company, valued at $1,464,104.60. The trade was a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.84% of the company's stock.

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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