LSV Asset Management decreased its stake in shares of Avery Dennison Corp (NYSE:AVY) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 306,600 shares of the industrial products company’s stock after selling 116,300 shares during the quarter. LSV Asset Management’s holdings in Avery Dennison were worth $35,216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. National Asset Management Inc. lifted its position in Avery Dennison by 0.3% during the second quarter. National Asset Management Inc. now owns 4,151 shares of the industrial products company’s stock worth $369,000 after buying an additional 12 shares in the last quarter. Thrivent Financial For Lutherans raised its position in Avery Dennison by 0.9% in the second quarter. Thrivent Financial For Lutherans now owns 4,640 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 40 shares during the period. Cubist Systematic Strategies LLC raised its position in Avery Dennison by 19.7% in the third quarter. Cubist Systematic Strategies LLC now owns 2,843 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 468 shares during the period. Sit Investment Associates Inc. raised its position in Avery Dennison by 6.1% in the fourth quarter. Sit Investment Associates Inc. now owns 8,265 shares of the industrial products company’s stock valued at $949,000 after purchasing an additional 475 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its position in Avery Dennison by 0.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 71,860 shares of the industrial products company’s stock valued at $8,254,000 after purchasing an additional 475 shares during the period. Hedge funds and other institutional investors own 85.88% of the company’s stock.

In related news, Director Julia A. Stewart sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $108.42, for a total transaction of $433,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter K. Barker sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $114.76, for a total value of $229,520.00. Following the transaction, the director now directly owns 26,703 shares of the company’s stock, valued at $3,064,436.28. The disclosure for this sale can be found here. Insiders have sold a total of 16,855 shares of company stock valued at $1,866,802 over the last three months. 1.40% of the stock is currently owned by insiders.

AVY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Avery Dennison from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. JPMorgan Chase & Co. downgraded Avery Dennison from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Loop Capital lifted their target price on Avery Dennison from $99.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird restated a “buy” rating and issued a $115.00 target price on shares of Avery Dennison in a research report on Friday, October 27th. Finally, KeyCorp restated a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $120.25.

Shares of Avery Dennison Corp (NYSE:AVY) opened at $114.24 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $10,019.42, a price-to-earnings ratio of 36.50, a P/E/G ratio of 2.78 and a beta of 1.20. Avery Dennison Corp has a 1-year low of $78.47 and a 1-year high of $123.67.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.08. Avery Dennison had a return on equity of 42.26% and a net margin of 4.26%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. research analysts forecast that Avery Dennison Corp will post 5.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.80 annualized dividend and a yield of 1.58%. Avery Dennison’s payout ratio is 57.51%.

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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).

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

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