Commerce Bank Purchases New Stake in Avery Dennison Corporation $AVY

Commerce Bank acquired a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,360 shares of the industrial products company’s stock, valued at approximately $2,007,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trust Co. of Vermont purchased a new position in Avery Dennison in the second quarter valued at $27,000. Root Financial Partners LLC grew its position in shares of Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after buying an additional 73 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in Avery Dennison by 684.0% in the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Avery Dennison in the fourth quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Avery Dennison during the second quarter worth about $37,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Trading Down 1.9%

AVY opened at $180.12 on Wednesday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79. The stock has a market capitalization of $13.65 billion, a PE ratio of 19.73, a P/E/G ratio of 2.34 and a beta of 0.81. The firm’s fifty day moving average price is $167.64 and its 200 day moving average price is $170.09.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.42. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.30 billion. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $2.42 EPS. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, research analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.2%. Avery Dennison’s dividend payout ratio (DPR) is 43.81%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AVY. Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Argus set a $175.00 price target on shares of Avery Dennison in a report on Thursday, June 4th. Citigroup boosted their price objective on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. UBS Group raised their target price on Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Truist Financial dropped their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.22.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.81% of the company’s stock.

Avery Dennison 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.