Andra AP fonden Has $11.44 Million Stock Holdings in Avery Dennison Corporation $AVY

Andra AP fonden lifted its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,200 shares of the industrial products company’s stock after purchasing an additional 2,200 shares during the quarter. Andra AP fonden owned approximately 0.08% of Avery Dennison worth $11,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bayforest Capital Ltd acquired a new position in Avery Dennison during the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Avery Dennison by 193.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 112 shares in the last quarter. NewSquare Capital LLC increased its holdings in shares of Avery Dennison by 156.2% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Avery Dennison in the 2nd quarter valued at approximately $35,000. Finally, SouthState Corp lifted its holdings in Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Down 1.5%

Shares of AVY opened at $171.95 on Friday. The stock’s 50-day moving average price is $166.93 and its 200 day moving average price is $173.09. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $208.16. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.39 and a beta of 0.99.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.05. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.Avery Dennison’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. As a group, research analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio is currently 42.78%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AVY. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 price target on shares of Avery Dennison in a report on Thursday, October 23rd. Raymond James Financial raised their target price 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. Argus set a $200.00 target price on shares of Avery Dennison in a research report on Tuesday, October 28th. Truist Financial decreased their price target on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $181.00 to $218.00 in a research note on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.55.

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.