Swedbank AB Sells 300,000 Shares of Avery Dennison Corporation $AVY

Swedbank AB cut its position in Avery Dennison Corporation (NYSE:AVY) by 98.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.

Other hedge funds have also recently made changes to their positions in the company. Choreo LLC raised its stake in shares of Avery Dennison by 1.5% in the first quarter. Choreo LLC now owns 12,380 shares of the industrial products company’s stock valued at $2,203,000 after buying an additional 185 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Avery Dennison in the fourth quarter valued at $496,000. Brown Advisory Inc. grew its position in shares of Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 76 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Avery Dennison by 9.4% in the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 207 shares in the last quarter. Finally, Spire Wealth Management grew its position in shares of Avery Dennison by 630.9% in the first quarter. Spire Wealth Management now owns 2,200 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 1,899 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Trading Up 0.8%

AVY opened at $166.24 on Wednesday. The business has a 50 day simple moving average of $173.24 and a two-hundred day simple moving average of $175.29. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.54 and a beta of 0.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $224.38.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.04. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.Avery Dennison’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.42 EPS. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. Avery Dennison’s dividend payout ratio is presently 42.20%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AVY. BMO Capital Markets reiterated an “outperform” rating and issued a $207.00 price target (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Raymond James Financial lifted their price target on Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Bank of America lifted their price target on Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Avery Dennison from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $197.60.

Avery Dennison Company 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.