Commerce Bank Acquires New Holdings in Avery Dennison Corporation $AVY

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

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Avery Dennison by 8.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock valued at $30,857,000 after acquiring an additional 13,494 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Avery Dennison during the 4th quarter valued at $2,546,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Avery Dennison by 59.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 67,193 shares of the industrial products company’s stock valued at $12,221,000 after purchasing an additional 24,953 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in shares of Avery Dennison by 184.0% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,200 shares of the industrial products company’s stock worth $2,583,000 after buying an additional 9,200 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Avery Dennison during the fourth quarter valued at about $4,319,000. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Down 1.9%

NYSE AVY opened at $180.12 on Wednesday. The firm’s 50 day moving average price is $167.64 and its two-hundred day moving average price is $170.09. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.34 and a beta of 0.81.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 34.60% and a net margin of 7.62%.The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities analysts anticipate that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Announces Dividend

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

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction dated Tuesday, August 4th. The stock was 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. The trade was a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Argus set a $175.00 price objective on shares of Avery Dennison in a research note on Thursday, June 4th. UBS Group raised their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Bank of America reissued a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $201.22.

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.