Avery Dennison Co. (NYSE:AVY) Stock Holdings Boosted by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT raised its position in shares of Avery Dennison Co. (NYSE:AVYFree Report) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,784 shares of the industrial products company’s stock after buying an additional 162 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Avery Dennison were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its stake in Avery Dennison by 108.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 94,768 shares of the industrial products company’s stock valued at $17,311,000 after buying an additional 49,263 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Avery Dennison by 15.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,203 shares of the industrial products company’s stock valued at $2,960,000 after buying an additional 2,124 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Avery Dennison during the third quarter valued at about $32,000. HighTower Advisors LLC lifted its stake in Avery Dennison by 4.7% during the third quarter. HighTower Advisors LLC now owns 15,300 shares of the industrial products company’s stock valued at $2,788,000 after buying an additional 686 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its stake in Avery Dennison by 51.7% during the third quarter. Pathstone Family Office LLC now owns 6,434 shares of the industrial products company’s stock valued at $1,175,000 after buying an additional 2,194 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AVY shares. Raymond James increased their price target on shares of Avery Dennison from $199.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. increased their price target on shares of Avery Dennison from $185.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. UBS Group increased their price target on shares of Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Bank of America lowered shares of Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 price target for the company. in a research report on Tuesday, January 2nd. Finally, Truist Financial reissued a “buy” rating and issued a $249.00 price target on shares of Avery Dennison in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.78.

Check Out Our Latest Stock Analysis on Avery Dennison

Avery Dennison Trading Up 0.4 %

NYSE:AVY opened at $205.50 on Monday. The stock’s 50 day moving average price is $198.55 and its 200 day moving average price is $188.28. Avery Dennison Co. has a 52 week low of $158.93 and a 52 week high of $205.50. The company has a market capitalization of $16.55 billion, a P/E ratio of 32.97, a P/E/G ratio of 3.13 and a beta of 0.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.69 and a current ratio of 1.04.

Avery Dennison (NYSE:AVYGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. Avery Dennison had a return on equity of 30.97% and a net margin of 6.01%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts forecast that Avery Dennison Co. will post 9.33 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $3.24 annualized dividend and a yield of 1.58%. Avery Dennison’s dividend payout ratio (DPR) is presently 52.17%.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, Director Julia A. Stewart sold 5,311 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the transaction, the director now owns 5,018 shares in the company, valued at $1,014,940.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Avery Dennison Company Profile

(Free Report)

Avery Dennison Corporation operates as materials science and digital identification solutions company. It provides branding and information labeling solutions, including pressure-sensitive materials, radio-frequency identification (RFID) inlays and tags, and various converted products and solutions. The company designs and manufactures a range of labeling and functional materials that enhance branded packaging, carry or display information that connects the physical and the digital, and improve customers' product performance.

See Also

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

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