571,550 Shares in Avery Dennison Corporation $AVY Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 571,550 Avery Dennison shares during the second quarter, valued at approximately $92.8 million and representing about 0.75% of the company. Institutional investors collectively own 94.17% of AVY.
• Analysts maintain a favorable outlook, with seven Buy ratings and two Holds. Avery Dennison has an average rating of “Moderate Buy” and an average price target of $201.22.
• Avery Dennison exceeded quarterly expectations with $2.89 in EPS and $2.46 billion in revenue, up 10.9% year over year. The company also declared a $1.00 quarterly dividend, equal to a 2.2% annualized yield.

Deutsche Bank AG bought a new stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 571,550 shares of the industrial products company's stock, valued at approximately $92,791,000. Deutsche Bank AG owned approximately 0.75% of Avery Dennison at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its stake in shares of Avery Dennison by 6.4% in the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company's stock worth $2,409,000 after purchasing an additional 819 shares in the last quarter. Focus Partners Wealth raised 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 valued at $697,000 after purchasing an additional 278 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Avery Dennison during the first quarter valued at about $1,209,000. EverSource Wealth Advisors LLC lifted its holdings in Avery Dennison by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company's stock worth $68,000 after purchasing an additional 242 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Avery Dennison in the second quarter worth about $241,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on AVY. Citigroup raised their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Truist Financial reduced 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 note on Wednesday, July 15th. Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, UBS Group upped their target price on Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and an average target price of $201.22.

Avery Dennison Price Performance

NYSE:AVY opened at $182.67 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. The business's 50-day moving average price is $166.31 and its 200 day moving average price is $170.22. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The firm has a market cap of $13.84 billion, a P/E ratio of 20.01, a PEG ratio of 3.00 and a beta of 0.81.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company earned $2.42 EPS. Avery Dennison's revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, sell-side analysts predict that Avery Dennison Corporation will post 10.15 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The firm 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%.

Insiders Place Their Bets

In related news, SVP Ignacio J. Walker sold 1,742 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.

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