AVY Schedule 13G/A: Vanguard discloses 13.3% beneficial ownership

Rhea-AI Filing Summary

The Vanguard Group filed a Schedule 13G/A reporting beneficial ownership of 10,378,723 Avery Dennison (AVY) common shares, representing 13.3% of the class as of 09/30/2025.

Vanguard reports sole voting power: 0 and shared voting power: 457,641 shares; sole dispositive power: 9,619,643 and shared dispositive power: 759,080 shares.

Filed as an investment adviser under Rule 13d-1(b), Vanguard certifies the holdings are in the ordinary course and not for the purpose of changing or influencing control. Vanguard’s clients have rights to dividends or sale proceeds; no single other person’s interest exceeds 5%.

Insights

Equity ownership and governance analyst

Passive 13G/A shows a large AVY stake with minimal voting power.

The Vanguard Group reports 13.3% beneficial ownership in AVY via 10,378,723 shares as of 09/30/2025. The filing is on Schedule 13G/A as an investment adviser, signaling a passive stance rather than control intent.

Sole voting power is 0, with 457,641 shares under shared voting, while dispositive power is largely sole (9,619,643). This structure is typical for index and advisory accounts held across funds.

The certification states holdings are in the ordinary course and not to influence control. Actual market impact depends on future portfolio activity; the excerpt does not outline any transactions or timing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 14)

Avery Dennison Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

053611109

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 053611109

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 457,641.00
7	Sole Dispositive Power 9,619,643.00
8	Shared Dispositive Power 759,080.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,378,723.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.30 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Avery Dennison Corp
(b)	Address of issuer's principal executive offices: 8080 Norton Parkway, Mentor, OH, 44060
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 053611109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10378723
(b)	Percent of class: 13.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 457641
	(iii) Sole power to dispose or to direct the disposition of: 9619643
	(iv) Shared power to dispose or to direct the disposition of: 759080
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	10/30/2025

FAQ

What did The Vanguard Group disclose about AVY in this Schedule 13G/A?

Vanguard reported beneficial ownership of 10,378,723 Avery Dennison shares, equal to 13.3% of the class as of 09/30/2025.

What voting and dispositive powers did Vanguard report for AVY (AVY)?

Vanguard has sole voting: 0; shared voting: 457,641; sole dispositive: 9,619,643; shared dispositive: 759,080 shares.

What is the significance of filing a Schedule 13G/A for AVY?

A Schedule 13G/A indicates a passive ownership stance by an investment adviser under Rule 13d-1(b), not aimed at influencing control.

What is the date of the event triggering this AVY filing?

The date of event is 09/30/2025.

Do Vanguard’s clients have rights related to the AVY shares?

Yes. Clients may receive dividends or sale proceeds; no single other person has an interest exceeding 5%.

Who signed the AVY Schedule 13G/A for Vanguard?

It was signed by Ashley Grim, Head of Global Fund Administration, dated 10/30/2025.