Segall Bryant & Hamill LLC boosted its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 81.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,405 shares of the industrial products company’s stock after buying an additional 136,504 shares during the quarter. Segall Bryant & Hamill LLC owned 0.35% of Avery Dennison worth $29,935,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Avery Dennison by 110.5% in the second quarter. Principal Financial Group Inc. now owns 1,759,374 shares of the industrial products company’s stock valued at $155,476,000 after acquiring an additional 923,548 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in Avery Dennison by 265.7% in the third quarter. State of Tennessee Treasury Department now owns 490,850 shares of the industrial products company’s stock valued at $48,270,000 after acquiring an additional 356,628 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Avery Dennison by 21.3% in the second quarter. Victory Capital Management Inc. now owns 1,937,495 shares of the industrial products company’s stock valued at $171,216,000 after acquiring an additional 340,139 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in Avery Dennison by 67.9% in the second quarter. Marshall Wace North America L.P. now owns 648,482 shares of the industrial products company’s stock valued at $57,067,000 after acquiring an additional 262,211 shares in the last quarter. Finally, State Street Corp raised its holdings in Avery Dennison by 5.0% in the second quarter. State Street Corp now owns 4,776,961 shares of the industrial products company’s stock valued at $422,140,000 after acquiring an additional 229,297 shares in the last quarter. 85.28% of the stock is owned by institutional investors.

In other news, CAO Lori J. Bondar sold 10,855 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $110.88, for a total value of $1,203,602.40. Following the completion of the transaction, the chief accounting officer now owns 18,556 shares of the company’s stock, valued at $2,057,489.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Susan C. Miller sold 6,518 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.17, for a total value of $685,498.06. Following the completion of the transaction, the vice president now directly owns 13,409 shares of the company’s stock, valued at approximately $1,410,224.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,604 shares of company stock valued at $16,245,751. 1.40% of the stock is owned by company insiders.

A number of analysts have weighed in on AVY shares. Zacks Investment Research raised shares of Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Tuesday, November 7th. Barclays raised their target price on shares of Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. Robert W. Baird reiterated a “buy” rating and issued a $115.00 price objective on shares of Avery Dennison in a research report on Friday, October 27th. Finally, Loop Capital lifted their price objective on shares of Avery Dennison from $99.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.83.

Avery Dennison Corporation (NYSE:AVY) opened at $111.51 on Thursday. Avery Dennison Corporation has a one year low of $69.53 and a one year high of $114.79. The firm has a market cap of $9,966.60, a PE ratio of 24.24, a P/E/G ratio of 3.28 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 1.13 and a debt-to-equity ratio of 1.14.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison’s dividend payout ratio is presently 40.18%.

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Avery Dennison 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).

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

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