Swiss Life Asset Management Ltd Sells 17,346 Shares of Avery Dennison Corporation $AVY

Swiss Life Asset Management Ltd decreased its position in Avery Dennison Corporation (NYSE:AVY) by 41.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,700 shares of the industrial products company’s stock after selling 17,346 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Avery Dennison were worth $4,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AVY. CIBC Bancorp USA Inc. purchased a new stake in Avery Dennison in the 3rd quarter worth approximately $7,721,000. Danske Bank A S purchased a new position in Avery Dennison during the third quarter valued at approximately $4,019,000. Advisory Services Network LLC boosted its position in shares of Avery Dennison by 20.4% in the third quarter. Advisory Services Network LLC now owns 2,167 shares of the industrial products company’s stock worth $351,000 after purchasing an additional 367 shares during the period. Morningstar Investment Management LLC boosted its position in shares of Avery Dennison by 96.0% in the third quarter. Morningstar Investment Management LLC now owns 2,821 shares of the industrial products company’s stock worth $457,000 after purchasing an additional 1,382 shares during the period. Finally, PharVision Advisers LLC bought a new stake in shares of Avery Dennison during the 3rd quarter valued at $250,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director directly owned 211,147 shares in the company, valued at approximately $36,714,240.36. This represents a 8.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 7,588 shares in the company, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,156 shares of company stock worth $5,930,150 in the last quarter. Company insiders own 0.81% of the company’s stock.

Avery Dennison Price Performance

AVY stock opened at $161.15 on Monday. Avery Dennison Corporation has a 52 week low of $156.23 and a 52 week high of $199.54. The firm has a market capitalization of $12.40 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The company has a fifty day simple moving average of $186.13 and a two-hundred day simple moving average of $177.02. The company has a quick ratio of 0.76, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.29 billion. During the same period in the previous year, the firm posted $2.38 EPS. The business’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. Analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, March 4th. Avery Dennison’s payout ratio is presently 42.82%.

Analyst Ratings Changes

AVY has been the topic of a number of recent analyst reports. UBS Group raised their price target on Avery Dennison from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, February 5th. BMO Capital Markets increased their target price on Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Truist Financial lifted their target price on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. boosted their price target on Avery Dennison from $195.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, Citigroup increased their price objective on shares of Avery Dennison from $188.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $208.45.

Avery Dennison Company Profile

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.