SG Americas Securities LLC increased its holdings in shares of Avery Dennison Corp (NYSE:AVY) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,700 shares of the industrial products company’s stock after purchasing an additional 3,494 shares during the period. SG Americas Securities LLC’s holdings in Avery Dennison were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. ETRADE Capital Management LLC raised its holdings in shares of Avery Dennison by 12.8% during the third quarter. ETRADE Capital Management LLC now owns 20,961 shares of the industrial products company’s stock worth $2,061,000 after purchasing an additional 2,377 shares during the last quarter. Piedmont Investment Advisors LLC grew its position in Avery Dennison by 77.6% during the third quarter. Piedmont Investment Advisors LLC now owns 44,577 shares of the industrial products company’s stock valued at $4,384,000 after buying an additional 19,479 shares during the period. KAMES CAPITAL plc acquired a new stake in Avery Dennison during the fourth quarter valued at $71,586,000. Aurora Investment Counsel acquired a new stake in Avery Dennison during the fourth quarter valued at $565,000. Finally, IFM Investors Pty Ltd acquired a new stake in Avery Dennison during the third quarter valued at $317,000. 85.62% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on AVY shares. Zacks Investment Research lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. UBS Group started coverage on shares of Avery Dennison in a research report on Thursday, January 18th. They set a “buy” rating and a $135.00 price target on the stock. Barclays raised their price target on shares of Avery Dennison from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. lowered shares of Avery Dennison from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Avery Dennison has an average rating of “Buy” and an average target price of $122.75.
In related news, Director Julia A. Stewart sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $108.42, for a total transaction of $433,680.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Lori J. Bondar sold 10,855 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $110.88, for a total transaction of $1,203,602.40. Following the transaction, the chief accounting officer now owns 18,556 shares in the company, valued at $2,057,489.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,855 shares of company stock worth $1,866,802. Company insiders own 1.40% of the company’s stock.
Shares of Avery Dennison Corp (NYSE AVY) traded up $0.10 during midday trading on Wednesday, hitting $116.98. 145,052 shares of the stock traded hands, compared to its average volume of 698,232. Avery Dennison Corp has a 1-year low of $78.47 and a 1-year high of $123.67. The firm has a market capitalization of $10,181.41, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 1.26.
Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.08. Avery Dennison had a net margin of 4.26% and a return on equity of 42.26%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. equities analysts expect that Avery Dennison Corp will post 5.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be given a $0.45 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.54%. Avery Dennison’s dividend payout ratio (DPR) is 57.51%.
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Avery Dennison Profile
Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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