BlackRock Amends Avery Dennison Stake (SC 13G/A)
Ticker: AVY · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 8818
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Avery Dennison; watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of Avery Dennison Corp. common stock as of December 31, 2023. This filing, Amendment No. 15, updates their previous disclosures regarding their passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding Avery Dennison, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive ownership in Avery Dennison, which can influence market perception and potentially stock price due to the size and reputation of the institutional investor.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate high-risk actions or significant changes in company control.
Analyst Insight
Investors should note BlackRock's continued passive interest in Avery Dennison, but this filing alone doesn't suggest an immediate buy or sell signal. It's a routine update from a large institutional holder.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Avery Dennison Corp. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 15 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Avery Dennison Corp. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 15' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is Avery Dennison Corp., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Avery Dennison Corp'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Avery Dennison Corp (AVY).