Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 5.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 557,404 shares of the industrial products company’s stock after acquiring an additional 29,786 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.63% of Avery Dennison Corporation worth $54,815,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AVY. Principal Financial Group Inc. boosted its position in Avery Dennison Corporation by 110.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,759,374 shares of the industrial products company’s stock worth $155,476,000 after acquiring an additional 923,548 shares during the period. Congress Asset Management Co. MA acquired a new position in Avery Dennison Corporation during the 2nd quarter worth $71,964,000. State of Tennessee Treasury Department boosted its position in Avery Dennison Corporation by 265.7% during the 3rd quarter. State of Tennessee Treasury Department now owns 490,850 shares of the industrial products company’s stock worth $48,270,000 after acquiring an additional 356,628 shares during the period. Victory Capital Management Inc. boosted its position in Avery Dennison Corporation by 21.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,937,495 shares of the industrial products company’s stock worth $171,216,000 after acquiring an additional 340,139 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in Avery Dennison Corporation by 67.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 648,482 shares of the industrial products company’s stock worth $57,067,000 after acquiring an additional 262,211 shares during the period. Institutional investors own 86.43% of the company’s stock.

AVY has been the subject of a number of analyst reports. Zacks Investment Research upgraded Avery Dennison Corporation from a “sell” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Friday, October 27th. Robert W. Baird restated a “buy” rating and issued a $115.00 price objective on shares of Avery Dennison Corporation in a report on Friday, October 27th. Citigroup Inc. upped their price objective on Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. KeyCorp restated a “hold” rating on shares of Avery Dennison Corporation in a report on Monday, October 30th. Finally, Loop Capital began coverage on Avery Dennison Corporation in a report on Thursday, September 28th. They issued a “hold” rating and a $99.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Avery Dennison Corporation currently has a consensus rating of “Buy” and a consensus price target of $105.71.

COPYRIGHT VIOLATION WARNING: “Los Angeles Capital Management & Equity Research Inc. Has $54.82 Million Holdings in Avery Dennison Corporation (AVY)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/11/13/los-angeles-capital-management-equity-research-inc-has-54-82-million-holdings-in-avery-dennison-corporation-avy.html.

In other news, Director David E. I. Pyott sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the sale, the director now directly owns 16,601 shares of the company’s stock, valued at $1,560,494. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David E. I. Pyott sold 298 shares of the company’s stock in a transaction 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 sale, the director now directly owns 16,601 shares of the company’s stock, valued at $1,560,494. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,047 shares of company stock valued at $14,824,481. 1.40% of the stock is currently owned by company insiders.

Shares of Avery Dennison Corporation (NYSE:AVY) traded down $0.57 during trading on Monday, hitting $105.19. The stock had a trading volume of 585,200 shares, compared to its average volume of 656,869. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13. The firm has a market capitalization of $9,260.55, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 3.05 and a beta of 1.22. Avery Dennison Corporation has a twelve month low of $68.93 and a twelve month high of $108.99.

Avery Dennison Corporation (NYSE:AVY) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.21 by $0.05. Avery Dennison Corporation had a return on equity of 40.52% and a net margin of 6.27%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $1.01 earnings per share. Avery Dennison Corporation’s revenue was up 11.3% compared to the same quarter last year. equities research analysts expect that Avery Dennison Corporation will post 4.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio is 40.18%.

Avery Dennison Corporation Company Profile

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.