UBS Group AG Raises Holdings in Avery Dennison Corporation $AVY

UBS Group AG increased its position in Avery Dennison Corporation (NYSE:AVY) by 42.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 334,262 shares of the industrial products company’s stock after buying an additional 99,669 shares during the period. UBS Group AG’s holdings in Avery Dennison were worth $60,796,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Avery Dennison by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock valued at $1,683,185,000 after buying an additional 361,231 shares during the period. Johnson Investment Counsel Inc. increased its position in Avery Dennison by 11.7% in the third quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company’s stock worth $57,025,000 after buying an additional 36,698 shares during the period. Fieldview Capital Management LLC increased its position in Avery Dennison by 412.7% in the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company’s stock worth $4,259,000 after buying an additional 21,142 shares during the period. WCM Investment Management LLC acquired a new stake in Avery Dennison in the third quarter worth $2,785,000. Finally, CPC Advisors LLC acquired a new stake in Avery Dennison in the fourth quarter worth $1,464,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

AVY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a research report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price on the stock. 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 reiterated a “buy” rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Citigroup reduced their price objective on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a research 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. According to data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus target price of $204.11.

Avery Dennison Price Performance

Shares of AVY opened at $160.28 on Tuesday. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 2.80 and a beta of 0.84. 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 Corporation has a one year low of $156.23 and a one year high of $199.54. The stock’s fifty day moving average is $174.26 and its 200-day moving average is $178.19.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 10.06 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $1.00 per share. 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 of this dividend is Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is 45.10%.

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.