Avery Dennison Corporation $AVY Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Avery Dennison Corporation (NYSE:AVY) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,100 shares of the industrial products company’s stock after purchasing an additional 3,400 shares during the period. Handelsbanken Fonder AB’s holdings in Avery Dennison were worth $4,383,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AVY. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Avery Dennison by 16,900.0% during the 4th 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 during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Avery Dennison during the 3rd quarter worth about $36,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Avery Dennison during the 2nd quarter worth about $37,000. True Wealth Design LLC boosted its stake in shares of Avery Dennison by 285.7% during the 4th quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 160 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Avery Dennison by 51.1% during the 4th quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 72 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVY has been the topic of several analyst reports. Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research note on Friday, March 27th. Truist Financial reaffirmed a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Citigroup decreased their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.11.

Avery Dennison Price Performance

Avery Dennison stock opened at $159.62 on Friday. Avery Dennison Corporation has a 1 year low of $152.68 and a 1 year high of $199.54. The firm has a 50 day moving average price of $166.39 and a 200 day moving average price of $176.99. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.73 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 (NYSE:AVY) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. Avery Dennison’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Sell-side analysts predict that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be issued a $1.00 dividend. The ex-dividend date is Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. Avery Dennison’s payout ratio is presently 45.10%.

Insider Transactions at Avery Dennison

In related news, Director Mitchell R. Butier sold 13,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 198,147 shares in the company, valued at approximately $33,982,210.50. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

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.