National Pension Service Increases Stake in Avery Dennison Co. by 3.0% in Third Quarter
November 9, 2024
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Avery Dennison ($NYSE:AVY) Co. is a global leader in materials science and manufacturing, providing a wide range of products and solutions for various industries including packaging, labeling, healthcare, and retail. The recent news of the National Pension Service increasing its stake in Avery Dennison Co. by 3.0% in the third quarter has caught the attention of investors and industry analysts. The company has a strong track record of delivering consistent earnings growth and generating healthy cash flows, making it an attractive investment option for institutional investors like the National Pension Service.
Additionally, this news may also have a positive impact on Avery Dennison’s stock price, as an increase in ownership by a major institutional investor can boost investor confidence and attract more interest from potential buyers. This move not only reflects confidence from a major investor but also highlights Avery Dennison’s position as a reliable and promising investment opportunity in the market.
Analysis
I have conducted a thorough analysis of AVERY DENNISON, focusing on its fundamentals. However, it seems to be lacking in terms of growth potential. Based on the Star Chart analysis, AVERY DENNISON falls into the category of ‘cow’ companies. This means that it has a track record of consistently and sustainably paying out dividends. This may be appealing to investors who are looking for stable and reliable sources of income from their investments. In terms of financial health, AVERY DENNISON has a high score of 8/10. This is due to its strong cash flows and manageable debt levels. This suggests that the company is well-equipped to weather any financial crisis and is not at risk of bankruptcy. Overall, AVERY DENNISON may be attractive to investors who are looking for a stable and reliable company with consistent dividend payments. Its strong financial health also adds to its appeal as a safe investment option. However, investors looking for high growth potential may not find AVERY DENNISON as appealing due to its weak growth prospects. More…
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 |
| 8.36k | 503 | 7.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avery Dennison. More…
| Operations | Investing | Financing |
| 826 | -459 | -317.2 |
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 |
| 8.21k | 6.08k | 26.42 |
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 |
| 6.3% | 3.8% | 9.7% |
| FCF Margin | ROE | ROA |
| 6.5% | 24.3% | 6.2% |
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
The National Pension Service has increased their ownership in Avery Dennison Co. by 3.0% in the third quarter. This shows confidence in the company’s performance and potential for growth. The move by the pension service could also signal a positive outlook for the company’s stock, as they are a major institutional investor.
This could have a positive impact on the company’s stock value and attract more investors. Overall, this news adds to the overall analysis of Avery Dennison, which is currently performing well in the market and has shown potential for further growth.
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