Avery Dennison Corporation $AVY Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,653 shares of the industrial products company’s stock after selling 12,916 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Avery Dennison were worth $28,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVY. Bartlett & CO. Wealth Management LLC raised its holdings in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 169 shares in the last quarter. Root Financial Partners LLC raised its holdings in Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Avery Dennison during the third quarter worth approximately $36,000. CYBER HORNET ETFs LLC acquired a new stake in Avery Dennison during the second quarter worth approximately $37,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in Avery Dennison during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AVY shares. JPMorgan Chase & Co. cut their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Truist Financial reaffirmed a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. BMO Capital Markets lifted their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a report on Tuesday, April 21st. Finally, Citigroup cut their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.33.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $155.34 on Friday. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.64 and a beta of 0.82. Avery Dennison Corporation has a 52 week low of $152.55 and a 52 week high of $199.54. The company’s 50-day moving average price is $164.45 and its 200 day moving average price is $175.86. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts forecast that Avery Dennison Corporation will post 10.05 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio is currently 45.10%.

Insider Buying and Selling

In related news, Director Mitchell R. Butier sold 13,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $171.50, for a total value of $2,229,500.00. Following the sale, the director directly owned 198,147 shares of the company’s stock, valued at approximately $33,982,210.50. This represents a 6.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.81% of the company’s stock.

Avery Dennison 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.