Avery Dennison Co. (NYSE:AVY) Stake Lifted by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Avery Dennison Co. (NYSE:AVY) by 164.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267 shares of the industrial products company’s stock after acquiring an additional 166 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Avery Dennison were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. New York Life Investment Management LLC boosted its holdings in shares of Avery Dennison by 0.5% in the third quarter. New York Life Investment Management LLC now owns 11,454 shares of the industrial products company’s stock valued at $2,092,000 after acquiring an additional 58 shares in the last quarter. Signaturefd LLC lifted its stake in Avery Dennison by 25.5% during the third quarter. Signaturefd LLC now owns 300 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 61 shares during the last quarter. Advisor Partners II LLC lifted its stake in Avery Dennison by 1.9% during the third quarter. Advisor Partners II LLC now owns 3,342 shares of the industrial products company’s stock valued at $610,000 after purchasing an additional 63 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Avery Dennison by 0.5% during the first quarter. Yousif Capital Management LLC now owns 12,732 shares of the industrial products company’s stock valued at $2,215,000 after purchasing an additional 65 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Avery Dennison by 56.3% during the second quarter. IFP Advisors Inc now owns 200 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 72 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insider Transactions at Avery Dennison

In other news, Director Julia A. Stewart sold 5,311 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the transaction, 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 SEC, which is accessible through the SEC website. In related news, SVP Ignacio J. Walker sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $213.90, for a total value of $1,069,500.00. Following the transaction, the senior vice president now directly owns 6,102 shares in the company, valued at approximately $1,305,217.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julia A. Stewart sold 5,311 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the transaction, the director now owns 5,018 shares in the company, valued at $1,014,940.68. The disclosure for this sale can be found here. Insiders have sold a total of 19,879 shares of company stock worth $4,217,705 in the last 90 days. 1.10% of the stock is owned by insiders.

Avery Dennison Stock Up 1.1 %

AVY stock opened at $211.57 on Friday. Avery Dennison Co. has a 12-month low of $158.93 and a 12-month high of $225.26. The company has a quick ratio of 0.69, a current ratio of 1.04 and a debt-to-equity ratio of 1.23. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 3.22 and a beta of 0.90. The company has a 50 day moving average of $214.97 and a two-hundred day moving average of $199.27.

Avery Dennison (NYSE:AVY) last released its earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Avery Dennison Co. will post 9.28 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a $0.81 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $3.24 dividend on an annualized basis and a yield of 1.53%. Avery Dennison’s payout ratio is 52.17%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AVY shares. Truist Financial reissued a “buy” rating and set a $249.00 target price on shares of Avery Dennison in a research note on Friday, January 19th. Bank of America lowered shares of Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 target price for the company. in a research note on Tuesday, January 2nd. StockNews.com lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $185.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, Citigroup upped their price target on shares of Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $221.00.

Avery Dennison Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.