Avery Dennison is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company's products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 32,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion.

Company profile
Ticker
AVY
Exchange
Website
CEO
Mitchell Butier
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AVERY DENNISON CORPORATION
SEC CIK
Corporate docs
Subsidiaries
ADC PHILIPPINES, INC. • ADESPAN S.R.L. • ADHIPRESS BANGLADESH LTD. • AVERY CORP. • AVERY DE MEXICO SRL • AVERY DENNISON ATMA d.o.o. • AVERY DENNISON ATMA GMBH • AVERY DENNISON AUSTRALIA INTERNATIONAL HOLDINGS PTY LTD. • AVERY DENNISON AUSTRALIA PTY LTD. • AVERY DENNISON BELGIE BV ...
IRS number
951492269
AVY stock data
News

Avery Dennison Scales Manufacturing Capacity Of Wiliot Tags
17 May 22
Avery Dennison, Wiliot Announce Strategic Partnership To Build And Scale The Future Of The Internet Of Things; Terms Not Disclosed
17 May 22
Raymond James Maintains Outperform on Avery Dennison, Raises Price Target to $200
28 Apr 22
BMO Capital Maintains Outperform on Avery Dennison, Lowers Price Target to $240
28 Apr 22
Benzinga's Top Ratings Upgrades, Downgrades For April 27, 2022
27 Apr 22
Press releases
ALURX LAUNCHES ITS WELLNESS COLLECTIONS ON DERMSTORE AND SKINSTORE, DISRUPTING TRADITIONAL BEAUTY CATEGORIES
14 Jun 22
ALURX, THE WELLNESS HUB, WELCOMES DR. ILYAS AND DR. PERAINO TO ITS TRUSTED MEDICAL & EXPERT COUNCIL
24 May 22
Avery Dennison and Wiliot Announce Strategic Partnership to Build and Scale the Future of the Internet of Things
17 May 22
In Support of Skin Cancer Awareness Month, Avery Dennison Urges Drivers to Consider the Benefits of Automotive Window Film in Blocking UV Radiation
2 May 22
Avery Dennison Increases Quarterly Dividend
28 Apr 22
Analyst ratings and price targets
Current price
Average target
$209.40
Low target
$195.00
High target
$240.00
Raymond James
Maintains
$200.00
BMO Capital
Maintains
$240.00
B of A Securities
Maintains
$210.00
JP Morgan
Upgraded
$195.00
Loop Capital
Maintains
$202.00
Calendar
3 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
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Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 147.1M | 147.1M | 147.1M | 147.1M | 147.1M | |
Cash burn (monthly) | 5.2M | 15.08M | (no burn) | (no burn) | (no burn) | |
Cash used (since last report) | 14.6M | 42.31M | n/a | n/a | n/a | |
Cash remaining | 132.5M | 104.79M | n/a | n/a | n/a | |
Runway (months of cash) | 25.5 | 7.0 | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 May 22 | Lopez Andres Alberto | Common Stock | Option exercise | Acquire M | No | No | 182.8 | 792 | 144.78K | 7,115 |
1 May 22 | Lopez Andres Alberto | 2022 Director RSU Award Common Stock | Grant | Acquire A | No | No | 0 | 930 | 0 | 930 |
1 May 22 | Lopez Andres Alberto | 2021 Director RSU Award Common Stock | Option exercise | Dispose M | No | No | 0 | 792 | 0 | 0 |
1 May 22 | Anderson Anthony | Common Stock | Option exercise | Acquire M | No | No | 182.8 | 792 | 144.78K | 4,174 |
1 May 22 | Anderson Anthony | 2022 Director RSU Award Common Stock | Grant | Acquire A | No | No | 0 | 930 | 0 | 930 |
1 May 22 | Anderson Anthony | 2021 Director RSU Award Common Stock | Option exercise | Dispose M | No | No | 0 | 792 | 0 | 0 |
1 May 22 | Sullivan Martha N. | Common Stock | Option exercise | Acquire M | No | No | 182.8 | 792 | 144.78K | 16,660 |
1 May 22 | Sullivan Martha N. | 2022 Director RSU Award Common Stock | Grant | Acquire A | No | No | 0 | 930 | 0 | 930 |
1 May 22 | Sullivan Martha N. | 2021 Director RSU Award Common Stock | Option exercise | Dispose M | No | No | 0 | 792 | 0 | 0 |
1 May 22 | Hicks Ken C | Common Stock | Option exercise | Acquire M | No | No | 182.8 | 792 | 144.78K | 29,002 |
Institutional ownership, Q1 2022
88.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 653 |
Opened positions | 66 |
Closed positions | 110 |
Increased positions | 263 |
Reduced positions | 221 |
13F shares | Current |
---|---|
Total value | 12.6B |
Total shares | 72.54M |
Total puts | 87.1K |
Total calls | 74.4K |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 9.67M | $1.68B |
BLK Blackrock | 6.77M | $1.18B |
TROW T. Rowe Price | 5.96M | $1.04B |
STT State Street | 3.87M | $673.2M |
Victory Capital Management | 2.17M | $378.48M |
Lazard Asset Management | 1.75M | $304.1M |
IVZ Invesco | 1.61M | $280.35M |
Geode Capital Management | 1.58M | $274.7M |
AMP Ameriprise Financial | 1.4M | $243.62M |
Lord, Abbett & Co. | 1.18M | $206.1M |
Financial report summary
?Management Discussion
- Operating income refers to income before taxes, interest and other non-operating expense (income), net.
- The factors impacting reported sales change are shown in the table below.
- In the first quarter of 2022, net sales increased on an organic basis compared to the same period in the prior year due to pricing actions, partially offset by a modest decline in volume/mix. On an organic basis, net sales increased by a low-to-mid-single digit rate in emerging markets and high teens rates in North America and Western Europe.
Content analysis
?Positive | ||
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Readability |
H.S. freshman Avg
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New words:
Afghanistan, AG, Article, Baski, build, Canada, ceased, civil, climate, confidence, conflict, Contractual, diminished, displacement, ease, economy, embellishment, EU, European, external, Form, hold, Hong, Ihracat, imported, inserted, instability, invaded, invasion, Iran, Iraq, Ithalat, Japan, knitted, Kong, Korea, Latin, leading, Macroeconomic, Matbaa, Mentor, military, modest, neighboring, Ohio, orderly, past, payroll, permitted, primary, printing, reciprocal, reclassification, Regulation, Rietveld, Russia, Russian, Sanayi, Screenprinting, Serigrafi, Serigrafie, sewn, shipment, Sirketi, slower, social, spend, spending, spilled, stability, strongly, Syria, Tekstil, terrorist, TexTrace, threatened, Ticaret, Turkey, turn, type, Ukraine, Union, unrest, ve, venture, woven
Removed:
accelerated, accrual, achievement, ACPO, acquire, actively, adapt, agility, agreement, borrowed, California, closely, covering, customary, December, Department, determine, dynamic, elevated, employment, environment, exclusive, expanded, experiencing, focused, food, frozen, Glendale, implementing, increasing, incremental, indemnity, initially, JDC, June, lawsuit, leveraging, manufacturer, matured, NaN, obligated, pandemic, Postretirement, preparation, priority, quickly, rely, repaid, repay, retroactive, robust, scale, scenario, Smartrac, specialty, sponsor, subsequently, termination, top, transition, typically, unconsolidated, unfunded, variety, vested, ZippyYum
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Avery Dennison Announces First Quarter 2022 Results
26 Apr 22
8-K
Avery Dennison Names Deon Stander President and Chief Operating Officer
28 Feb 22
8-K
Avery Dennison Announces Fourth Quarter and Full Year 2021 Results
2 Feb 22
8-K
Avery Dennison Announces Third Quarter 2021 Results
27 Oct 21
8-K
Entry into a Material Definitive Agreement
18 Aug 21
8-K
Entry into a Material Definitive Agreement
12 Aug 21
8-K
Entry into a Material Definitive Agreement
30 Jul 21
8-K
Avery Dennison Announces Second Quarter 2021 Results
28 Jul 21
8-K
Other Events
18 May 21
Registration and prospectus
S-3ASR
Automatic shelf registration
22 Apr 22
424B5
Prospectus supplement for primary offering
12 Aug 21
FWP
Free writing prospectus
10 Aug 21
424B5
Prospectus supplement for primary offering
10 Aug 21
25
Voluntary exchange delisting
9 Nov 20
8-A12B
Registration of securities on exchange
9 Nov 20
424B5
Prospectus supplement for primary offering
6 Mar 20
FWP
Free writing prospectus
4 Mar 20
424B5
Prospectus supplement for primary offering
4 Mar 20
S-3ASR
Automatic shelf registration
26 Apr 19
Proxies
DEFA14A
Additional proxy soliciting materials
8 Apr 22
DEFA14A
Additional proxy soliciting materials
10 Mar 22
DEFA14A
Additional proxy soliciting materials
25 Mar 21
DEFA14A
Additional proxy soliciting materials
5 Mar 21
DEF 14A
Definitive proxy
5 Mar 21
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
30 Mar 20
DEFA14A
Additional proxy soliciting materials
17 Mar 20
DEFA14A
Additional proxy soliciting materials
17 Mar 20
Other
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
28 May 21
CERT
Certification of approval for exchange listing
9 Nov 20
SD
Conflict minerals disclosure
22 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
25 May 18
UPLOAD
Letter from SEC
1 May 18
CORRESP
Correspondence with SEC
29 Apr 18
CORRESP
Correspondence with SEC
1 Apr 18
UPLOAD
Letter from SEC
27 Mar 18
Ownership
11-K
Annual report of employee stock purchases
10 Jun 22
4
Avery Dennison / Patrick Siewert ownership change
4 May 22
4
Avery Dennison / Bradley A Alford ownership change
3 May 22
4
Avery Dennison / JULIA A STEWART ownership change
3 May 22
4
Avery Dennison / KEN C HICKS ownership change
3 May 22
4
Avery Dennison / Martha N. Sullivan ownership change
3 May 22
4
Avery Dennison / Anthony Anderson ownership change
3 May 22
4
Avery Dennison / Andres Alberto Lopez ownership change
3 May 22
4
Avery Dennison / Mark J Barrenechea ownership change
29 Apr 22
4
Avery Dennison / Lori J Bondar ownership change
3 Mar 22
Patents
Utility
Low Migration Uv-led Curable Ink Formulations
23 Jun 22
UV-LED ink composition compositions containing a matrix or binder system, one or more colorants, and one or more photo-initiators.
Utility
Reinforced Label Assembly
23 Jun 22
A label assembly includes a label print layer with enhanced tensile, tear, and/or stiffness properties.
Utility
a Fiber from Waste Material and Methods of Producing
23 Jun 22
Provided herein are methods for producing a fiber from a waste material comprising: (i) fraying a waste material to form a fiber base; (ii) carding the fiber base to form a recovered fiber; and (iii) spinning the recovered fiber.
Utility
Threshold Sensor with Rfid Communication Ability
23 Jun 22
A motor casing and a combination of a motor casing and a plug connection, the motor casing being designed for a drive of movable components of a vehicle, in particular sunroofs, blinds or roofs of convertible.
Utility
Composite Image Heat Transfer with Scannable Mark
16 Jun 22
A composite image heat transfer is disclosed for use on specific merchandising articles, sports jerseys, or other apparel for a specific sport.
Transcripts
2022 Q1
Earnings call transcript
26 Apr 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
28 Jul 21
2021 Q1
Earnings call transcript
28 Apr 21
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
27 Jul 20
2020 Q1
Earnings call transcript
29 Apr 20
2019 Q4
Earnings call transcript
29 Jan 20
Reddit threads
229 S&P500 companies ($21.6t in market cap, 61.8%) report earnings in the next ~30 days
25 Jun 22
Daily Discussion Thread - May 31st, 2022
31 May 22
Daily Discussion Thread - May 30th, 2022
30 May 22
Stock Dates
2 May 22
(4/26) Tuesday's Pre-Market Stock Movers & News
26 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - March 1st, 2022
1 Mar 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22