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

Key Points

• CIBC World Market purchased 72,700 Avery Dennison shares in the second quarter, valued at approximately $11.8 million, while institutional investors and hedge funds collectively own 94.17% of the company.
• Avery Dennison reported quarterly EPS of $2.89, exceeding estimates of $2.47, while revenue rose 10.9% year over year to $2.46 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22.
• The company declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a 2.2% yield; an Avery Dennison senior vice president separately sold 1,742 shares.

Cibc World Market Inc. purchased a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 72,700 shares of the industrial products company's stock, valued at approximately $11,803,000. Cibc World Market Inc. owned 0.10% of Avery Dennison as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Avery Dennison in the second quarter valued at approximately $1,052,464,000. Norges Bank acquired a new stake in Avery Dennison during the 4th quarter worth approximately $188,438,000. Morgan Stanley boosted its stake in Avery Dennison by 20.1% in the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company's stock valued at $703,856,000 after purchasing an additional 647,795 shares during the period. Wellington Management Group LLP grew its holdings in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company's stock valued at $942,039,000 after buying an additional 644,664 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Avery Dennison in the 2nd quarter valued at $101,896,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on AVY. UBS Group lifted their target price on Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Argus set a $175.00 price target on shares of Avery Dennison in a research note on Thursday, June 4th. Wall Street Zen raised shares of Avery Dennison from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Bank of America reiterated a "buy" rating on shares of Avery Dennison in a research note on Friday, August 14th. Finally, Citigroup increased their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $201.22.

Insider Buying and Selling at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison 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 sale, the senior vice president directly owned 7,585 shares of the company's stock, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company's stock.

Avery Dennison Trading Up 0.0%

Shares of AVY opened at $183.78 on Tuesday. 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 52-week low of $152.42 and a 52-week high of $199.54. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.01 and a beta of 0.81. The business's fifty day moving average is $167.28 and its 200-day moving average is $170.18.

Avery Dennison (NYSE:AVY - Get Free Report) 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. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business 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 for the quarter was up 10.9% on a year-over-year basis. 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 fiscal year.

Avery Dennison Announces Dividend

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

About Avery Dennison

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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