Voya Investment Management LLC increased its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 52.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,090 shares of the industrial products company’s stock after buying an additional 54,604 shares during the period. Voya Investment Management LLC owned about 0.18% of Avery Dennison Corporation worth $13,971,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. American Beacon Advisors Inc. acquired a new stake in Avery Dennison Corporation during the 1st quarter worth approximately $105,000. Van ECK Associates Corp boosted its position in Avery Dennison Corporation by 7.7% during the 1st 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 during the period. Acrospire Investment Management LLC acquired a new stake in Avery Dennison Corporation during the 2nd quarter worth approximately $129,000. Captrust Financial Advisors acquired a new stake in Avery Dennison Corporation during the 2nd quarter worth approximately $130,000. Finally, Pacad Investment Ltd. acquired a new stake in Avery Dennison Corporation during the 2nd quarter worth approximately $141,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

In other news, Director David E. I. Pyott sold 298 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $94.00, for a total value of $28,012.00. Following the transaction, the director now owns 16,601 shares in the company, valued at $1,560,494. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick Siewert sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $93.63, for a total transaction of $936,300.00. Following the completion of the transaction, the director now owns 10,519 shares in the company, valued at approximately $984,893.97. The disclosure for this sale can be found here. Insiders sold 12,298 shares of company stock worth $1,152,312 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Several equities research analysts recently commented on AVY shares. Robert W. Baird reiterated a “buy” rating and set a $100.00 target price on shares of Avery Dennison Corporation in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Avery Dennison Corporation in a research report on Friday, September 22nd. Loop Capital started coverage on shares of Avery Dennison Corporation in a research report on Thursday, September 28th. They set a “hold” rating and a $99.00 target price on the stock. Bank of America Corporation upgraded shares of Avery Dennison Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $96.00 in a research report on Tuesday, June 20th. Finally, Citigroup Inc. lifted their target price on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Avery Dennison Corporation has an average rating of “Buy” and a consensus price target of $93.14.

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Avery Dennison Corporation (NYSE:AVY) opened at 99.71 on Thursday. Avery Dennison Corporation has a 12 month low of $68.55 and a 12 month high of $100.10. The firm has a market cap of $8.81 billion, a P/E ratio of 23.42 and a beta of 1.19. The stock has a 50 day moving average of $95.85 and a 200-day moving average of $88.47.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, September 1st. Avery Dennison Corporation’s dividend payout ratio is 42.25%.

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).

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

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