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

Midwest Trust Co purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 55,307 shares of the industrial products company’s stock, valued at approximately $9,705,000. Midwest Trust Co owned about 0.07% of Avery Dennison as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVY. OneDigital Investment Advisors LLC purchased a new stake in Avery Dennison during the 1st quarter worth approximately $250,000. Brown Advisory Inc. lifted its stake in shares of Avery Dennison by 3.6% during the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company’s stock worth $386,000 after buying an additional 76 shares during the period. Greenleaf Trust grew its holdings in shares of Avery Dennison by 36.2% during the first quarter. Greenleaf Trust now owns 1,842 shares of the industrial products company’s stock valued at $328,000 after buying an additional 490 shares during the last quarter. Xponance Inc. increased its position in shares of Avery Dennison by 10.4% in the 1st quarter. Xponance Inc. now owns 16,113 shares of the industrial products company’s stock valued at $2,868,000 after acquiring an additional 1,514 shares during the period. Finally, Diversify Wealth Management LLC raised its stake in Avery Dennison by 30.3% in the 1st quarter. Diversify Wealth Management LLC now owns 3,381 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 786 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AVY shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Avery Dennison in a report on Tuesday, October 14th. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and upped their target price for the company from $181.00 to $218.00 in a research report on Thursday, October 23rd. Raymond James Financial raised their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Argus set a $200.00 price objective on shares of Avery Dennison in a report on Tuesday, October 28th. Finally, Citigroup reduced their target price on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and a consensus target price of $200.55.

Avery Dennison Stock Performance

AVY opened at $173.86 on Monday. The firm has a fifty day moving average price of $166.98 and a 200 day moving average price of $173.13. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $207.99. The stock has a market cap of $13.44 billion, a P/E ratio of 19.78, a P/E/G 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 (NYSE:AVY) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.32 by $0.05. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Equities research analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

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