Avery Dennison Corporation $AVY Shares Acquired by Midwest Trust Co

Midwest Trust Co lifted its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 9.1% during the first quarter, Holdings Channel.com reports. The fund owned 61,280 shares of the industrial products company’s stock after acquiring an additional 5,124 shares during the period. Midwest Trust Co’s holdings in Avery Dennison were worth $10,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC increased its stake in Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Avery Dennison by 7.6% during the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after buying an additional 278 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Avery Dennison during the first quarter valued at $1,209,000. EverSource Wealth Advisors LLC grew its holdings in shares of Avery Dennison by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after buying an additional 242 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Avery Dennison in the 2nd quarter valued at $241,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on AVY. Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. Citigroup reduced their price objective on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Truist Financial reiterated a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Finally, UBS Group cut their price target on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $200.38.

Avery Dennison Price Performance

Avery Dennison stock opened at $160.86 on Monday. The stock has a market capitalization of $12.30 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.78 and a beta of 0.82. The company’s fifty day moving average price is $160.20 and its 200 day moving average price is $173.33. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, equities research analysts anticipate that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio is 45.10%.

Avery Dennison Company Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.