CIBC Bancorp USA Inc. Takes $7.72 Million Position in Avery Dennison Corporation $AVY

CIBC Bancorp USA Inc. acquired a new position in Avery Dennison Corporation (NYSE:AVY) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 47,610 shares of the industrial products company’s stock, valued at approximately $7,721,000. CIBC Bancorp USA Inc. owned 0.06% of Avery Dennison at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Danske Bank A S bought a new position in Avery Dennison during the third quarter worth about $4,019,000. Advisory Services Network LLC boosted its stake in Avery Dennison by 20.4% in the third quarter. Advisory Services Network LLC now owns 2,167 shares of the industrial products company’s stock worth $351,000 after purchasing an additional 367 shares in the last quarter. Morningstar Investment Management LLC lifted its position in Avery Dennison by 96.0% during the 3rd quarter. Morningstar Investment Management LLC now owns 2,821 shares of the industrial products company’s stock worth $457,000 after buying an additional 1,382 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of Avery Dennison during the third quarter valued at approximately $250,000. Finally, United Capital Financial Advisors LLC boosted its position in Avery Dennison by 8.1% in the 3rd quarter. United Capital Financial Advisors LLC now owns 2,420 shares of the industrial products company’s stock valued at $392,000 after buying an additional 182 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Transactions at Avery Dennison

In other news, Director Mitchell R. Butier sold 20,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the completion of the transaction, the director owned 211,147 shares in the company, valued at approximately $36,714,240.36. This represents a 8.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ignacio J. Walker sold 1,156 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.95, for a total transaction of $223,050.20. Following the transaction, the senior vice president owned 7,588 shares of the company’s stock, valued at $1,464,104.60. This represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 34,156 shares of company stock worth $5,930,150. Corporate insiders own 0.84% of the company’s stock.

Avery Dennison Trading Down 1.1%

NYSE AVY opened at $161.15 on Friday. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54. The firm has a market capitalization of $12.40 billion, a P/E ratio of 18.35, a PEG ratio of 2.91 and a beta of 0.97. The business has a fifty day simple moving average of $186.13 and a 200 day simple moving average of $176.89. The company has a current ratio of 1.13, a quick ratio of 0.76 and a debt-to-equity ratio of 1.43.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.05. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.38 EPS. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. On average, analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, March 4th. Avery Dennison’s payout ratio is 42.82%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. UBS Group increased their price objective on shares of Avery Dennison from $218.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Citigroup increased their price objective on Avery Dennison from $188.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $208.45.

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.