Comerica Bank Purchases 4,757 Shares of 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 increased its holdings 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 filing with the SEC. The institutional investor 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 filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Avery Dennison by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,959,263 shares of the industrial products company's stock valued at $1,772,450,000 after purchasing an additional 277,554 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Avery Dennison by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company's stock valued at $756,262,000 after purchasing an additional 24,068 shares during the period. Ameriprise Financial Inc. lifted its position in Avery Dennison by 12.9% during the fourth quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock worth $409,014,000 after acquiring an additional 250,359 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Avery Dennison by 4.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock worth $344,603,000 after purchasing an additional 71,435 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Avery Dennison by 17.3% during the first quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company's stock worth $281,715,000 after buying an additional 233,062 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Trading Up 0.3%

Shares of NYSE:AVY traded up $0.43 during midday trading on Friday, reaching $171.51. The company's stock had a trading volume of 486,904 shares, compared to its average volume of 605,588. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The firm has a 50 day moving average price of $176.21 and a two-hundred day moving average price of $176.71. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.64 and a beta of 0.88.

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

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison's payout ratio is presently 42.20%.

Analyst Upgrades and Downgrades

AVY has been the subject of several recent research reports. Bank of America boosted their price target on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating and set a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. 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 research report on Wednesday, July 23rd. Finally, Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Avery Dennison has a consensus rating of "Moderate Buy" and a consensus target price of $197.60.

Avery Dennison Profile

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.