Commerzbank Aktiengesellschaft FI Has $1.28 Million Stock Position in Avery Dennison Corporation $AVY

Commerzbank Aktiengesellschaft FI boosted its holdings in Avery Dennison Corporation (NYSE:AVY) by 88.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,886 shares of the industrial products company’s stock after buying an additional 3,705 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Avery Dennison were worth $1,279,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AVY. Empowered Funds LLC boosted its stake in shares of Avery Dennison by 6.4% in the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after purchasing an additional 819 shares in the last quarter. Focus Partners Wealth lifted its stake in Avery Dennison by 7.6% in the 1st 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 during the last quarter. Intech Investment Management LLC acquired a new stake in Avery Dennison in the first quarter valued at approximately $1,209,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Avery Dennison by 31.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,999 shares of the industrial products company’s stock worth $2,932,000 after buying an additional 3,814 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Avery Dennison by 5.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AVY. Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. Truist Financial lifted their price target on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $182.00 to $195.00 in a research note on Thursday, October 23rd. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $181.00 to $218.00 in a research report on Thursday, October 23rd. Finally, Citigroup boosted their target price on shares of Avery Dennison from $180.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and an average price target of $204.36.

Avery Dennison Trading Up 0.8%

AVY opened at $187.39 on Monday. The stock has a market cap of $14.48 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 3.17 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $196.40. The company has a fifty day moving average of $179.77 and a 200-day moving average of $173.80.

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.