B.O.S.S. Retirement Advisors LLC Invests $347,000 in Avery Dennison Co. (NYSE:AVY)

B.O.S.S. Retirement Advisors LLC purchased a new position in Avery Dennison Co. (NYSE:AVY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,856 shares of the industrial products company’s stock, valued at approximately $347,000.

A number of other hedge funds also recently modified their holdings of AVY. Geode Capital Management LLC increased its position in shares of Avery Dennison by 8.2% in the third quarter. Geode Capital Management LLC now owns 2,088,516 shares of the industrial products company’s stock worth $459,621,000 after purchasing an additional 157,754 shares during the period. Victory Capital Management Inc. grew its position in Avery Dennison by 6.8% in the third quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company’s stock valued at $312,772,000 after acquiring an additional 90,250 shares during the last quarter. World Investment Advisors LLC grew its position in Avery Dennison by 2,629.0% in the third quarter. World Investment Advisors LLC now owns 91,857 shares of the industrial products company’s stock valued at $20,278,000 after acquiring an additional 88,491 shares during the last quarter. JPMorgan Chase & Co. grew its position in Avery Dennison by 12.4% in the third quarter. JPMorgan Chase & Co. now owns 420,232 shares of the industrial products company’s stock valued at $92,771,000 after acquiring an additional 46,390 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Avery Dennison by 72.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 96,889 shares of the industrial products company’s stock valued at $21,389,000 after acquiring an additional 40,824 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Transactions at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $206.00, for a total transaction of $757,874.00. Following the transaction, the senior vice president now directly owns 7,126 shares of the company’s stock, valued at $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AVY has been the topic of a number of recent analyst reports. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. UBS Group decreased their target price on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. BMO Capital Markets decreased their target price on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Citigroup reduced their price target on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Barclays reduced their price target on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.05.

Avery Dennison Price Performance

Shares of AVY opened at $191.33 on Friday. Avery Dennison Co. has a 52-week low of $181.99 and a 52-week high of $233.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.92. The business’s 50 day moving average price is $194.09 and its two-hundred day moving average price is $207.06. The firm has a market cap of $15.37 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Avery Dennison Co. will post 9.41 EPS for the current year.

About Avery Dennison

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.