Avery Dennison Co. (NYSE:AVY) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in Avery Dennison Co. (NYSE:AVYFree Report) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,609 shares of the industrial products company’s stock after selling 1,972 shares during the quarter. US Bancorp DE’s holdings in Avery Dennison were worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVY. Tokio Marine Asset Management Co. Ltd. raised its position in Avery Dennison by 3.5% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,587 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 54 shares in the last quarter. Savant Capital LLC increased its stake in Avery Dennison by 3.3% in the 1st quarter. Savant Capital LLC now owns 1,842 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 58 shares in the last quarter. Raymond James Trust N.A. increased its stake in Avery Dennison by 1.2% in the 1st quarter. Raymond James Trust N.A. now owns 5,378 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 62 shares in the last quarter. Yousif Capital Management LLC increased its stake in Avery Dennison by 0.5% in the 1st quarter. Yousif Capital Management LLC now owns 12,732 shares of the industrial products company’s stock worth $2,215,000 after purchasing an additional 65 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Avery Dennison by 23.4% in the 1st quarter. Brown Brothers Harriman & Co. now owns 385 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, SVP Ignacio J. Walker sold 403 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $180.33, for a total value of $72,672.99. Following the completion of the sale, the senior vice president now directly owns 11,102 shares in the company, valued at approximately $2,002,023.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Julia A. Stewart sold 5,633 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $186.14, for a total transaction of $1,048,526.62. Following the transaction, the director now owns 10,329 shares in the company, valued at approximately $1,922,640.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Ignacio J. Walker sold 403 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $180.33, for a total transaction of $72,672.99. Following the transaction, the senior vice president now owns 11,102 shares in the company, valued at approximately $2,002,023.66. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Avery Dennison Trading Down 0.2 %

Shares of NYSE AVY opened at $189.64 on Tuesday. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 3.43 and a beta of 0.91. The business has a 50 day simple moving average of $180.62 and a 200 day simple moving average of $177.09. Avery Dennison Co. has a 52 week low of $158.93 and a 52 week high of $195.95. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.68 and a current ratio of 1.03.

Avery Dennison (NYSE:AVYGet Free Report) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.07 by $0.03. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Avery Dennison had a return on equity of 29.38% and a net margin of 5.83%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 EPS. On average, research analysts predict that Avery Dennison Co. will post 7.86 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $3.24 annualized dividend and a yield of 1.71%. Avery Dennison’s dividend payout ratio (DPR) is currently 54.45%.

Analysts Set New Price Targets

AVY has been the topic of a number of analyst reports. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $184.00 to $220.00 in a research note on Wednesday, August 23rd. StockNews.com assumed coverage on Avery Dennison in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Citigroup lifted their target price on Avery Dennison from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Loop Capital lifted their target price on Avery Dennison from $201.00 to $214.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Finally, BMO Capital Markets lifted their target price on Avery Dennison from $200.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, September 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.25.

View Our Latest Analysis on AVY

Avery Dennison Profile

(Free Report)

Avery Dennison Corporation operates as materials science and digital identification solutions company. It provides branding and information labeling solutions, including pressure-sensitive materials, radio-frequency identification (RFID) inlays and tags, and various converted products and solutions. The company designs and manufactures a range of labeling and functional materials that enhance branded packaging, carry or display information that connects the physical and the digital, and improve customers' product performance.

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Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

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