Midwest Trust Co Acquires 5,124 Shares of Avery Dennison Corporation $AVY

Midwest Trust Co lifted its stake in Avery Dennison Corporation (NYSE:AVY) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,280 shares of the industrial products company’s stock after purchasing an additional 5,124 shares during the period. Midwest Trust Co owned about 0.08% of Avery Dennison worth $10,582,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC boosted its position in Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after buying an additional 169 shares during the period. Root Financial Partners LLC increased its position in shares of Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 73 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Avery Dennison during the third quarter valued at approximately $36,000. Godfrey Financial Associates Inc. bought a new stake in shares of Avery Dennison during the fourth quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Avery Dennison in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Price Performance

Shares of AVY stock opened at $160.86 on Monday. The stock’s 50-day moving average is $160.20 and its 200 day moving average is $173.33. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The company has a market cap of $12.30 billion, a P/E ratio of 18.14, a PEG ratio of 2.78 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm posted $2.30 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Research analysts predict that Avery Dennison Corporation will post 10 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date was Wednesday, June 3rd. Avery Dennison’s payout ratio is 45.10%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group reduced their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Citigroup lowered their target price on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday. Argus set a $175.00 price target on Avery Dennison in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective for the company. Finally, Truist Financial reaffirmed a “buy” rating and issued a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.38.

About Avery Dennison

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.