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

Vontobel Holding Ltd. boosted its position in shares of Avery Dennison Corporation (NYSE:AVY) by 15,363.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 241,999 shares of the industrial products company’s stock after purchasing an additional 240,434 shares during the quarter. Vontobel Holding Ltd. owned about 0.32% of Avery Dennison worth $41,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE purchased a new position in Avery Dennison in the 2nd quarter worth approximately $142,169,000. HighTower Advisors LLC grew its stake in shares of Avery Dennison by 32.9% in the second quarter. HighTower Advisors LLC now owns 68,647 shares of the industrial products company’s stock worth $11,145,000 after acquiring an additional 17,003 shares during the period. AXQ Capital LP bought a new stake in shares of Avery Dennison in the second quarter worth approximately $1,053,000. Corient Private Wealth LP grew its stake in shares of Avery Dennison by 91.1% in the second quarter. Corient Private Wealth LP now owns 124,011 shares of the industrial products company’s stock worth $20,133,000 after acquiring an additional 59,109 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Avery Dennison during the second quarter valued at approximately $6,283,000. 94.17% of the stock is currently owned by institutional investors.

Insider Activity at Avery Dennison

In other Avery Dennison news, SVP Nicholas Colisto sold 3,886 shares of the stock in a transaction that occurred 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 directly owned 7,126 shares in the company, valued at approximately $1,216,265.68. This trade represents a 35.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison 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 in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group reiterated a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a research note on Monday, September 28th. Finally, UBS Group increased their price target on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average price target of $199.10.

Avery Dennison Stock Performance

NYSE:AVY traded down $0.41 on Friday, hitting $175.47. The stock had a trading volume of 563,351 shares, compared to its average volume of 751,065. The business’s 50-day simple moving average is $173.89 and its two-hundred day simple moving average is $167.18. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth 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 quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm earned $2.42 EPS. The business’s revenue for the quarter 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, research analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current year.

Avery Dennison Announces Dividend

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

Avery Dennison 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.