Midwest Trust Co Acquires Shares of 55,307 Avery Dennison Corporation $AVY

Midwest Trust Co bought a new stake in Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 55,307 shares of the industrial products company’s stock, valued at approximately $9,705,000.

Other hedge funds have also recently modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in Avery Dennison in the 1st quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Avery Dennison by 193.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 112 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of Avery Dennison by 156.2% in the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Avery Dennison during the second quarter worth approximately $35,000. Finally, SouthState Corp raised its stake in Avery Dennison by 195.7% in the 1st 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 last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AVY shares. UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and upped their target price for the stock from $181.00 to $218.00 in a report on Thursday, October 23rd. Citigroup dropped their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday, October 14th. BMO Capital Markets restated an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, Truist Financial cut their price target on Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a report on Monday, October 13th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.55.

Avery Dennison Stock Performance

Avery Dennison stock opened at $173.86 on Monday. The firm has a 50 day simple moving average of $166.98 and a 200-day simple moving average of $173.13. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $207.99.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.05. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, analysts expect that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Avery Dennison’s dividend payout ratio is currently 42.78%.

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.