SCHEDULE: Vanguard Boosts Stake in Avery Dennison to 13.3%

The Vanguard Group has filed an amended Schedule 13G, disclosing a 13.3% beneficial ownership in Avery Dennison Corp.

Summary

• The Vanguard Group reported beneficial ownership of 10,378,723 shares of Avery Dennison Corp. common stock.
• This represents 13.30% of the class of securities.
• Vanguard holds sole dispositive power over 9,619,643 shares and shared dispositive power over 759,080 shares.
• Vanguard holds shared voting power over 457,641 shares and no sole voting power.
• The filing is an Amendment No. 14 to a previous Schedule 13G filing.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant and stable institutional ownership by The Vanguard Group, which is generally viewed as a positive signal of long-term confidence in the issuer, Avery Dennison Corp. While a 13G is a disclosure and not an endorsement, a large passive stake by a major fund manager can be reassuring to other investors.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The significant stake held by The Vanguard Group may be viewed positively, indicating strong institutional interest and potentially long-term stability in the shareholder base.

Key Dates

Keywords

Avery Dennison Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Investment Adviser, SEC Filing