SEB Asset Management AB Takes $3.73 Million Position in Avery Dennison Corporation $AVY

SEB Asset Management AB bought a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,570 shares of the industrial products company’s stock, valued at approximately $3,725,000.

A number of other large investors have also modified their holdings of the business. Empowered Funds LLC boosted its holdings in shares of Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock worth $2,409,000 after purchasing an additional 819 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Avery Dennison by 7.6% in the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock valued at $697,000 after purchasing an additional 278 shares during the last quarter. Intech Investment Management LLC purchased a new position in Avery Dennison during the first quarter worth approximately $1,209,000. EverSource Wealth Advisors LLC lifted its position in Avery Dennison by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock worth $68,000 after buying an additional 242 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Avery Dennison during the second quarter worth $241,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

AVY has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. Citigroup decreased their target price on shares of Avery Dennison from $185.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Bank of America raised their price target on shares of Avery Dennison from $202.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.11.

Avery Dennison Stock Up 1.3%

Shares of NYSE:AVY opened at $157.85 on Thursday. The firm has a market capitalization of $12.07 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.77 and a beta of 0.82. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The firm’s 50-day moving average is $159.52 and its two-hundred day moving average is $172.01.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Analysts predict that Avery Dennison Corporation will post 10 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a 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 was Wednesday, June 3rd. Avery Dennison’s dividend payout ratio is currently 45.10%.

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.