Comerica Bank Has $21.83 Million Position in Avery Dennison Corporation $AVY

Key Points

• Comerica Bank increased its holdings in Avery Dennison Corporation by 4.0% in Q1, owning 122,631 shares valued at approximately $21.83 million.
• Avery Dennison reported an EPS of $2.42 for the last quarter, exceeding analysts' expectations, with revenue of $2.22 billion.
• The company declared a quarterly dividend of $0.94 per share, representing an annualized dividend yield of 2.1%, to be paid on September 17th.

Comerica Bank boosted its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,631 shares of the industrial products company's stock after purchasing an additional 4,757 shares during the quarter. Comerica Bank owned 0.16% of Avery Dennison worth $21,825,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bayforest Capital Ltd acquired a new position in Avery Dennison during the first quarter valued at approximately $27,000. SouthState Corp grew its holdings in Avery Dennison by 195.7% during the first quarter. SouthState Corp now owns 207 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 137 shares during the period. Costello Asset Management INC acquired a new position in shares of Avery Dennison in the first quarter valued at approximately $40,000. American National Bank & Trust acquired a new position in shares of Avery Dennison in the first quarter valued at approximately $49,000. Finally, Grove Bank & Trust boosted its holdings in shares of Avery Dennison by 17.7% in the first quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Stock Performance

Shares of AVY stock opened at $178.5150 on Monday. The company's fifty day simple moving average is $176.39 and its 200-day simple moving average is $176.95. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. The firm has a market cap of $13.92 billion, a PE ratio of 20.04, a P/E/G ratio of 2.75 and a beta of 0.88. Avery Dennison Corporation has a 12 month low of $157.00 and a 12 month high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.04. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.42 earnings per share. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio is 42.20%.

Wall Street Analysts Forecast Growth

AVY has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Bank of America upped their price target on shares of Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, Raymond James Financial upped their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $197.60.

About Avery Dennison

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.

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