Comerica Bank Cuts Stock Holdings in Avery Dennison Corporation $AVY

Comerica Bank lowered its stake in Avery Dennison Corporation (NYSE:AVY) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,260 shares of the industrial products company’s stock after selling 5,029 shares during the period. Comerica Bank’s holdings in Avery Dennison were worth $2,412,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in Avery Dennison during the 3rd quarter valued at $29,000. Bartlett & CO. Wealth Management LLC increased its stake in Avery Dennison by 16,900.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 169 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Avery Dennison in the third quarter worth about $36,000. CYBER HORNET ETFs LLC purchased a new position in Avery Dennison in the second quarter worth about $37,000. Finally, True Wealth Design LLC lifted its stake in shares of Avery Dennison by 285.7% in the fourth quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock worth $39,000 after buying an additional 160 shares in the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

NYSE AVY opened at $162.04 on Wednesday. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.76 and a beta of 0.84. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $199.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The business’s fifty day moving average price is $173.56 and its 200-day moving average price is $178.21.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. Avery Dennison’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, equities analysts predict that Avery Dennison Corporation will post 10.06 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $1.00 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, June 3rd. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Avery Dennison’s dividend payout ratio (DPR) is currently 42.39%.

Insider Buying and Selling

In related news, SVP Ignacio J. Walker sold 1,156 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the sale, the senior vice president directly owned 7,588 shares in the company, valued at approximately $1,464,104.60. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the sale, the director directly owned 211,147 shares of the company’s stock, valued at approximately $36,714,240.36. This represents a 8.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 34,156 shares of company stock worth $5,930,150. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AVY. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 target price for the company. UBS Group lowered their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Truist Financial reaffirmed a “buy” rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.11.

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.