Glenmede Trust Co. NA Has $120.23 Million Holdings in Avery Dennison Corp (NYSE:AVY)

Glenmede Trust Co. NA raised its position in Avery Dennison Corp (NYSE:AVY) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,046,730 shares of the industrial products company’s stock after acquiring an additional 6,058 shares during the period. Glenmede Trust Co. NA owned approximately 1.19% of Avery Dennison worth $120,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC raised its holdings in shares of 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 worth $4,384,000 after purchasing an additional 19,479 shares during the last quarter. 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. Wells Fargo & Company MN raised its holdings in shares of Avery Dennison by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,186,196 shares of the industrial products company’s stock worth $136,247,000 after purchasing an additional 233,134 shares during the last quarter. American International Group Inc. raised its holdings in shares of Avery Dennison by 10.6% during the fourth quarter. American International Group Inc. now owns 33,194 shares of the industrial products company’s stock worth $3,813,000 after purchasing an additional 3,172 shares during the last quarter. Finally, Premia Global Advisors LLC purchased a new position in shares of Avery Dennison during the fourth quarter worth $252,000. 85.95% of the stock is owned by institutional investors and hedge funds.

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Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup dropped their price target on shares of Avery Dennison from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets assumed coverage on shares of Avery Dennison in a research report on Tuesday, March 27th. They set a “market perform” rating and a $120.00 price target on the stock. JPMorgan Chase lowered shares of Avery Dennison from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $113.00 to $107.00 in a research report on Friday, March 16th. Finally, Bank of America raised their price target on shares of Avery Dennison from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Avery Dennison presently has a consensus rating of “Buy” and a consensus price target of $123.67.

In related news, VP Anne Hill sold 21,134 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $118.07, for a total transaction of $2,495,291.38. Following the transaction, the vice president now directly owns 41,863 shares in the company, valued at $4,942,764.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dean A. Scarborough sold 6,026 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $106.11, for a total transaction of $639,418.86. Following the transaction, the director now owns 50,927 shares in the company, valued at $5,403,863.97. The disclosure for this sale can be found here. Insiders have sold 166,409 shares of company stock worth $18,288,509 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Shares of NYSE AVY traded down $2.87 during trading on Friday, hitting $103.20. The company had a trading volume of 963,544 shares, compared to its average volume of 806,360. Avery Dennison Corp has a fifty-two week low of $79.13 and a fifty-two week high of $123.67. The firm has a market cap of $9,326.50, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.25. The company has a quick ratio of 0.83, a current ratio of 1.13 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 research analysts anticipate that Avery Dennison Corp will post 5.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.74%. Avery Dennison’s payout ratio is presently 36.00%.

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Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands. It also offers durable cast and reflective films.

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

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