240,434 Avery Dennison Corporation $AVY Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 15,363.2% during the third quarter, Holdings Channel reports. The institutional investor owned 241,999 shares of the industrial products company’s stock after buying an additional 240,434 shares during the period. Vontobel Holding Ltd.’s holdings in Avery Dennison were worth $41,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AVY. BlackRock Inc. purchased a new stake in Avery Dennison in the 2nd quarter worth approximately $1,052,464,000. Wellington Management Group LLP raised its stake in Avery Dennison by 9.1% during the 2nd quarter. Wellington Management Group LLP now owns 5,788,479 shares of the industrial products company’s stock worth $939,760,000 after acquiring an additional 482,054 shares during the period. Ninety One UK Ltd bought a new stake in Avery Dennison during the 3rd quarter worth approximately $341,344,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Avery Dennison by 1.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 956,886 shares of the industrial products company’s stock valued at $155,350,000 after purchasing an additional 17,769 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Avery Dennison by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 879,056 shares of the industrial products company’s stock valued at $151,766,000 after purchasing an additional 21,044 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AVY shares. Jefferies Financial Group reiterated a “hold” rating and issued a $181.00 price target on shares of Avery Dennison in a research report on Monday, September 28th. UBS Group raised their price objective on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America restated a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Finally, Truist Financial dropped their target price on shares of Avery Dennison from $209.00 to $208.00 and set a “buy” rating for the company in a report on Monday, October 12th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average price target of $199.10.

Avery Dennison Price Performance

Shares of NYSE:AVY traded down $0.41 during trading on Friday, hitting $175.47. 563,351 shares of the company’s stock were exchanged, compared to its average volume of 751,065. The business’s 50-day simple moving average is $173.89 and its 200 day simple moving average is $167.18. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.11 and a beta of 0.79. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm earned $2.42 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, equities analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Avery Dennison’s dividend payout ratio (DPR) is presently 43.81%.

Insider Buying and Selling at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,886 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $170.68, for a total value of $663,262.48. Following the transaction, the senior vice president owned 7,126 shares of the company’s stock, valued at approximately $1,216,265.68. The trade was a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ignacio Walker sold 1,742 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. 0.81% of the stock is currently owned by insiders.

Avery Dennison Company Profile

Avery Dennison Corporation (NYSE: AVY) is a global materials science and manufacturing company that develops pressure-sensitive adhesives, functional materials and intelligent labeling solutions. Its products help identify, brand, decorate, track and protect products across a range of industries.

The company serves the apparel, retail, consumer goods, logistics, food, healthcare, automotive and industrial markets. Its offerings include label and graphic materials, self-adhesive tapes, specialty films, RFID inlays and tags, apparel labels, retail branding systems, packaging solutions and healthcare-related materials.

Avery Dennison was founded in 1935 by R.