Avery Dennison Co. (NYSE:AVY) has seen a dynamic period in the market recently. The company's shares have been purchased and sold by various asset management firms, with entities like Point72 Asset Management and Investment Management Corp of Ontario increasing their holdings. Its stock has also been identified as a strong value and top momentum stock for the long-term, potentially indicative of encouraging financial prospects. The company recently passed financial checks and is due to pay a US$0.88 dividend. Its Q3 earnings have outperformed estimates leading to an increased FY24 view. Avery Dennison has also posted a 26% EPS growth in Q2 2024. Movements in share purchases are noted with institutions like Bank of Montreal, Citigroup Inc., and Pacer Advisors Inc among others, increasing their positions. Meanwhile, some firms including Swedbank AB and Thrivent Financial for Lutherans have reduced their stakes. Future plans of hosting an Investor Day in 2024 were announced, along with extension of RFID adoption in the grocery retail sector. Despite some insider stock disposal and its CFO's medical leave, the company maintains a bullish outlook with analysts retaining 'Buy' ratings for the stock.
Avery Dennison Stocks AVY News Analytics from Mon, 22 Jun 2015 01:47:06 GMT to Sat, 07 Dec 2024 10:32:28 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 1
