Avery Dennison Corporation $AVY Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Avery Dennison stake by 16.7% in the first quarter, selling 147,493 shares and retaining 733,262 shares worth approximately $126.6 million. Institutional investors collectively own 94.17% of AVY.
• Avery Dennison reported quarterly EPS of $2.89, exceeding the $2.47 consensus estimate, while revenue rose 10.9% year over year to $2.46 billion. The company issued third-quarter 2026 EPS guidance of $10.00–$10.30.
• The company declared a quarterly dividend of $1.00 per share, equivalent to a 2.3% yield and $4.00 annualized payout. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $201.22.

Bank of America Corp DE cut its stake in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 16.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 733,262 shares of the industrial products company's stock after selling 147,493 shares during the period. Bank of America Corp DE owned about 0.96% of Avery Dennison worth $126,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVY. Bartlett & CO. Wealth Management LLC lifted its stake in Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company's stock valued at $31,000 after buying an additional 169 shares in the last quarter. Root Financial Partners LLC increased its stake in Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company's stock worth $35,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Avery Dennison during the 3rd quarter worth approximately $36,000. Godfrey Financial Associates Inc. acquired a new position in shares of Avery Dennison during the fourth quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison during the second quarter valued at approximately $37,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

Avery Dennison stock opened at $173.84 on Friday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The stock has a market cap of $13.18 billion, a P/E ratio of 19.04, a PEG ratio of 3.04 and a beta of 0.81. The company has a 50-day moving average price of $161.72 and a 200 day moving average price of $170.69. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the firm earned $2.42 earnings per share. Avery Dennison's quarterly revenue 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. Sell-side analysts anticipate that Avery Dennison Corporation will post 10.13 earnings per share for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison's dividend payout ratio is presently 43.81%.

Analysts Set New Price Targets

AVY has been the topic of a number of research analyst reports. Bank of America lifted their price target on Avery Dennison from $202.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded Avery Dennison from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, June 8th. Citigroup lifted their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Argus set a $175.00 target price on shares of Avery Dennison in a report on Thursday, June 4th. Finally, Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Avery Dennison has an average rating of "Moderate Buy" and a consensus target price of $201.22.

Insider Transactions at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of Avery Dennison stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the sale, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. The trade was a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

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.

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