72,700 Shares in Avery Dennison Corporation $AVY Bought by Cibc World Market Inc.

Cibc World Market Inc. bought a new position in Avery Dennison Corporation (NYSE:AVY) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 72,700 shares of the industrial products company’s stock, valued at approximately $11,803,000.

A number of other hedge funds have also recently made changes to their positions in AVY. Trust Co. of Vermont bought a new stake in shares of Avery Dennison during the second quarter worth about $27,000. Root Financial Partners LLC raised its holdings in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after buying an additional 73 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in Avery Dennison during the 4th quarter worth approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Avery Dennison during the 2nd quarter worth approximately $37,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $183.78 on Tuesday. The business has a 50-day moving average price of $167.28 and a two-hundred day moving average price of $170.18. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37. The company has a market cap of $13.93 billion, a P/E ratio of 20.13, a PEG ratio of 3.01 and a beta of 0.81.

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

Avery Dennison Dividend Announcement

The business also recently announced 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 of this dividend is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a yield of 2.2%. Avery Dennison’s dividend payout ratio is currently 43.81%.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the transaction, the senior vice president owned 7,585 shares of the company’s stock, valued at $1,301,661.85. This represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AVY. Truist Financial decreased their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Bank of America reiterated a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Wall Street Zen raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. increased their price objective on Avery Dennison from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Argus set a $175.00 target price on Avery Dennison in a research report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.22.

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.