Quantinno Capital Management LP Boosts Holdings in Avery Dennison Corporation $AVY

Quantinno Capital Management LP boosted its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 13.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 306,826 shares of the industrial products company’s stock after purchasing an additional 35,924 shares during the quarter. Quantinno Capital Management LP’s holdings in Avery Dennison were worth $52,983,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AVY. Bartlett & CO. Wealth Management LLC grew its holdings in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 169 shares during the period. Root Financial Partners LLC boosted its position in Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Avery Dennison during the 3rd quarter worth approximately $36,000. Godfrey Financial Associates Inc. purchased a new position in shares of Avery Dennison during the 4th quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Avery Dennison in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Down 1.1%

Shares of Avery Dennison stock opened at $167.32 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a twelve month low of $152.42 and a twelve month high of $199.54. The firm has a market capitalization of $12.80 billion, a PE ratio of 18.86, a P/E/G ratio of 3.01 and a beta of 0.82. The firm’s 50-day moving average price is $160.14 and its 200 day moving average price is $171.33.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.41 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.Avery Dennison’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.30 EPS. On average, sell-side analysts predict that Avery Dennison Corporation will post 10 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 2nd. Avery Dennison’s payout ratio is presently 45.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AVY. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price target on the stock. Citigroup lowered their target price on shares of Avery Dennison from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. reduced their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. Finally, Bank of America upped their target price on Avery Dennison from $202.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.11.

Avery Dennison Company 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.