Dupont Capital Management Corp boosted its stake in Avery Dennison Corporation (NYSE:AVY) by 288.1% during the second quarter, Holdings Channel reports. The fund owned 77,048 shares of the industrial products company’s stock after buying an additional 57,194 shares during the period. Dupont Capital Management Corp’s holdings in Avery Dennison Corporation were worth $6,809,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the company. Private Trust Co. NA boosted its stake in shares of Avery Dennison Corporation by 0.3% in the first quarter. Private Trust Co. NA now owns 5,299 shares of the industrial products company’s stock valued at $427,000 after buying an additional 15 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in Avery Dennison Corporation by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 6,924 shares of the industrial products company’s stock worth $558,000 after buying an additional 36 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Avery Dennison Corporation by 0.5% in the second quarter. CIBC Asset Management Inc now owns 8,592 shares of the industrial products company’s stock worth $759,000 after buying an additional 39 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in Avery Dennison Corporation by 0.7% in the first quarter. Atlantic Trust Group LLC now owns 10,766 shares of the industrial products company’s stock worth $867,000 after buying an additional 78 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Avery Dennison Corporation by 7.7% in the first quarter. Van ECK Associates Corp now owns 1,322 shares of the industrial products company’s stock worth $107,000 after buying an additional 94 shares in the last quarter. 88.28% of the stock is currently owned by institutional investors.

Shares of Avery Dennison Corporation (NYSE AVY) opened at 93.68 on Tuesday. Avery Dennison Corporation has a 1-year low of $68.55 and a 1-year high of $96.70. The stock has a 50 day moving average price of $91.96 and a 200-day moving average price of $84.29. The stock has a market capitalization of $8.28 billion, a PE ratio of 22.01 and a beta of 1.18.

Avery Dennison Corporation (NYSE:AVY) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.10. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts forecast that Avery Dennison Corporation will post $4.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, September 1st. This represents a $1.80 annualized dividend and a yield of 1.92%. Avery Dennison Corporation’s dividend payout ratio (DPR) is 42.25%.

TRADEMARK VIOLATION NOTICE: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/15/dupont-capital-management-corp-purchases-57194-shares-of-avery-dennison-corporation-avy.html.

A number of research firms have recently commented on AVY. BidaskClub cut Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. KeyCorp reissued a “hold” rating on shares of Avery Dennison Corporation in a research note on Wednesday, April 26th. Barclays PLC reissued an “overweight” rating and issued a $96.00 target price (up from $95.00) on shares of Avery Dennison Corporation in a research note on Monday, May 1st. Zacks Investment Research raised Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Monday, May 22nd. Finally, Aegis reissued a “hold” rating on shares of Avery Dennison Corporation in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $91.67.

In related news, VP Deon Stander sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $84.50, for a total transaction of $422,500.00. Following the transaction, the vice president now directly owns 10,998 shares in the company, valued at approximately $929,331. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Patrick Siewert sold 10,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $93.63, for a total value of $936,300.00. Following the transaction, the director now owns 10,519 shares in the company, valued at $984,893.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,248 shares of company stock worth $1,890,817. 1.40% of the stock is owned by company insiders.

About Avery Dennison Corporation

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).

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 Corporation (NYSE:AVY).

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

Receive News & Stock Ratings for Avery Dennison Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison Corporation and related stocks with our FREE daily email newsletter.