Avery Dennison Corporation $AVY is Arbejdsmarkedets Tillaegspension’s 7th Largest Position

Arbejdsmarkedets Tillaegspension grew its stake in Avery Dennison Corporation (NYSE:AVY) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,704 shares of the industrial products company’s stock after acquiring an additional 18,213 shares during the period. Avery Dennison accounts for 0.7% of Arbejdsmarkedets Tillaegspension’s holdings, making the stock its 7th biggest holding. Arbejdsmarkedets Tillaegspension’s holdings in Avery Dennison were worth $26,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AVY. Brindle & Bay Financial Advisors LLC boosted its holdings in shares of Avery Dennison by 5.4% in the first quarter. Brindle & Bay Financial Advisors LLC now owns 4,534 shares of the industrial products company’s stock valued at $783,000 after purchasing an additional 234 shares during the period. Diversify Wealth Management LLC increased its holdings in Avery Dennison by 49.8% during the 1st quarter. Diversify Wealth Management LLC now owns 7,209 shares of the industrial products company’s stock worth $1,175,000 after purchasing an additional 2,397 shares during the period. Midwest Trust Co lifted its holdings in shares of Avery Dennison by 9.1% in the 1st quarter. Midwest Trust Co now owns 61,280 shares of the industrial products company’s stock worth $10,582,000 after buying an additional 5,124 shares during the period. Fifth Third Bancorp grew its position in shares of Avery Dennison by 241.6% during the 1st quarter. Fifth Third Bancorp now owns 16,781 shares of the industrial products company’s stock worth $2,898,000 after buying an additional 11,868 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Avery Dennison by 13.1% during the first quarter. Sequoia Financial Advisors LLC now owns 8,726 shares of the industrial products company’s stock valued at $1,507,000 after buying an additional 1,011 shares during the period. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Price Performance

Shares of AVY opened at $160.86 on Monday. The business’s 50-day moving average is $160.20 and its two-hundred day moving average is $173.33. The company has a market capitalization of $12.30 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.78 and a beta of 0.82. Avery Dennison Corporation has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15.

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, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the company earned $2.30 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Research analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date was Wednesday, June 3rd. Avery Dennison’s dividend payout ratio (DPR) is currently 45.10%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AVY. UBS Group cut their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Truist Financial reiterated a “buy” rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Citigroup dropped their target price on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating on the stock in a research report on Thursday. Raymond James Financial set a $192.00 price target on Avery Dennison in a report on Tuesday, April 21st. Finally, Argus set a $175.00 price objective on Avery Dennison in a research note on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and an average price target of $200.38.

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.