Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Vanguard Personalized Indexing Management LLC increased its position in shares of Avery Dennison Co. (NYSE:AVYFree Report) by 13.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,624 shares of the industrial products company’s stock after acquiring an additional 668 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Avery Dennison were worth $1,027,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Clear Street Markets LLC raised its stake in shares of Avery Dennison by 92.7% during the 1st quarter. Clear Street Markets LLC now owns 158 shares of the industrial products company’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in Avery Dennison during the 3rd quarter valued at about $36,000. IFP Advisors Inc raised its position in Avery Dennison by 56.3% during the second quarter. IFP Advisors Inc now owns 200 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 72 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Avery Dennison in the second quarter valued at about $33,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $44,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Trading Up 0.9 %

Shares of AVY stock opened at $204.77 on Monday. The firm’s 50-day simple moving average is $198.55 and its 200-day simple moving average is $188.28. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.04 and a quick ratio of 0.69. Avery Dennison Co. has a 1-year low of $158.93 and a 1-year high of $205.15. The firm has a market cap of $16.49 billion, a P/E ratio of 32.97, a PEG ratio of 3.13 and a beta of 0.90.

Avery Dennison (NYSE:AVYGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. Avery Dennison had a net margin of 6.01% and a return on equity of 30.97%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the firm posted $1.65 earnings per share. Avery Dennison’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that Avery Dennison Co. will post 9.33 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, March 5th. Avery Dennison’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Ratings Changes

A number of research firms recently issued reports on AVY. UBS Group upped their target price on Avery Dennison from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their price objective on Avery Dennison from $185.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Truist Financial reiterated a “buy” rating and set a $249.00 price objective on shares of Avery Dennison in a research report on Friday, January 19th. Raymond James upped their target price on shares of Avery Dennison from $199.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Bank of America downgraded shares of Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 price target for the company. in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and an average target price of $218.78.

Get Our Latest Analysis on AVY

Insiders Place Their Bets

In other news, Director Julia A. Stewart sold 5,311 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the sale, the director now owns 5,018 shares in the company, valued at approximately $1,014,940.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

About Avery Dennison

(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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Want to see what other hedge funds are holding AVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avery Dennison Co. (NYSE:AVYFree Report).

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

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