Gulf International Bank UK Ltd Reduces Stake in Avery Dennison Co.
December 28, 2023
🌥️Trending News
Gulf International Bank UK Ltd recently announced that it has reduced its stock holdings in Avery Dennison ($NYSE:AVY) Co, a global leader in pressure-sensitive technology, labeling materials and performance-based materials. Avery Dennison’s products are used in apparel, automotive, consumer products and industrial applications. Avery Dennison’s stock has had a history of fluctuating over time. Following news of Gulf International Bank UK Ltd reducing its stake, some investors may be concerned about the company’s future prospects.
However, Avery Dennison is continuing to look for innovative ways to expand its product offerings and develop new markets, and many analysts remain optimistic that the company will remain a market leader in its industry.
Share Price
On Tuesday, stock of the global leader in pressure-sensitive materials, Avery Dennison Co, opened at $201.6 and closed at $201.9, up by a slight 0.1% from its previous closing price of $201.6. Gulf International Bank UK Ltd reported to have reduced its stake in Avery Dennison Co during the trading day. Despite this news, the stock kept an overall steady momentum throughout the day, inching up slightly by the closing bell.
This may be because the market has come to expect Avery Dennison’s production of materials that offer a mix of value and performance for their customers. As Avery Dennison continues to expand its business to more efficient and cost-effective solutions, investors may remain bullish on the stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avery Dennison. More…
| Total Revenues | Net Income | Net Margin |
| 8.28k | 482.8 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avery Dennison. More…
| Operations | Investing | Financing |
| 859.9 | -446.9 | -327.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avery Dennison. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.13k | 6.07k | 25.61 |
Key Ratios Snapshot
Some of the financial key ratios for Avery Dennison are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.0% | 3.1% | 9.3% |
| FCF Margin | ROE | ROA |
| 6.9% | 23.7% | 5.9% |
Analysis
GoodWhale has conducted an analysis of the fundamentals of AVERY DENNISON. Our assessment reveals that the company has a high health score of 8/10, indicating that it has strong cashflows and debt capacity to sustain future operations in times of crisis. We have classified AVERY DENNISON as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. Given its strong asset and dividend fundamentals and satisfactory profitability, we can conclude that AVERY DENNISON is an attractive investment for income-focused investors who are looking for stable long-term returns. The company does appear to be weak in terms of growth, however, which may be a concern for investors who want to experience more significant returns over the short-term. More…
Peers
Its main competitors are Seco/Warwick SA, Omni-Lite Industries Canada Inc, and Curtiss-Wright Corp.
– Seco/Warwick SA ($LTS:0LYW)
Seco/Warwick SA is a thermal-processing equipment manufacturer based in Poland. The company has a market cap of 146.14M as of 2022 and a Return on Equity of 9.69%. Seco/Warwick SA designs, manufactures, and sells furnaces and ovens for a variety of industries including aerospace, automotive, and medical device. The company’s products are used in a variety of applications including heat treating, brazing, soldering, and annealing.
– Omni-Lite Industries Canada Inc ($TSXV:OML)
Omni-Lite Industries Canada Inc is engaged in the development and production of metal alloys and composite products. The company operates through two segments: Metal Injection Molding and Castings, and Composite Products. The Metal Injection Molding and Castings segment offers metal injection molded and cast products for aerospace, military, automotive, and commercial applications. The Composite Products segment provides composite materials, products, and services for the aerospace, military, and commercial markets.
– Curtiss-Wright Corp ($NYSE:CW)
Curtiss-Wright Corporation is a diversified company that provides engineered products and services to the aerospace, defense, and energy markets. The company has a market capitalization of $6.17 billion and a return on equity of 12.64%. The company’s products and services include aircraft brakes, control systems, and engines; defense electronics and software; and power generation and distribution equipment. Curtiss-Wright has a long history of innovation and has been involved in some of the most important technological advances of the 20th century. The company was founded in 1929 by Wright Aeronautical Corporation and Curtiss Aeroplane and Motor Company.
Summary
Gulf International Bank UK Ltd has recently reduced its stock holdings in Avery Dennison Corporation. Avery Dennison, a global leader in labeling and packaging materials and solutions, has been a popular investment choice in recent years. Despite the slight reduction in holdings, the bank’s overall stance on the stock remains positive. Analysts point to the company’s strong financial performance, including record revenues and rising profits, as evidence of its continued success.
Moreover, the company has an impressive portfolio of products that appeal to a variety of consumers. Going forward, investors can expect Avery Dennison to maintain its position as a top performer in the marketplace.
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