Avery Dennison Co. (NYSE:AVY) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its position in shares of Avery Dennison Co. (NYSE:AVY) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,899 shares of the industrial products company’s stock after selling 86 shares during the quarter. Diversified Trust Co’s holdings in Avery Dennison were worth $2,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in Avery Dennison by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 2,670,469 shares of the industrial products company’s stock valued at $487,857,000 after buying an additional 493,857 shares during the last quarter. Morgan Stanley lifted its position in Avery Dennison by 55.7% in the third quarter. Morgan Stanley now owns 1,788,321 shares of the industrial products company’s stock valued at $326,673,000 after buying an additional 639,521 shares during the last quarter. Cerity Partners LLC lifted its position in Avery Dennison by 4,159.9% in the fourth quarter. Cerity Partners LLC now owns 1,191,228 shares of the industrial products company’s stock valued at $240,819,000 after buying an additional 1,163,264 shares during the last quarter. Norges Bank acquired a new position in Avery Dennison in the fourth quarter valued at about $185,292,000. Finally, Veritas Investment Partners UK Ltd. lifted its position in Avery Dennison by 15.5% in the fourth quarter. Veritas Investment Partners UK Ltd. now owns 760,791 shares of the industrial products company’s stock valued at $153,804,000 after buying an additional 102,000 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, CFO Gregory Lovins sold 2,894 shares of Avery Dennison stock in a transaction on Friday, May 10th. The shares were sold at an average price of $227.20, for a total value of $657,516.80. Following the transaction, the chief financial officer now directly owns 67,457 shares in the company, valued at $15,326,230.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Ryan D. Yost sold 584 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $221.31, for a total transaction of $129,245.04. Following the completion of the sale, the insider now directly owns 2,259 shares of the company’s stock, valued at $499,939.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gregory Lovins sold 2,894 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $227.20, for a total transaction of $657,516.80. Following the completion of the transaction, the chief financial officer now directly owns 67,457 shares in the company, valued at $15,326,230.40. The disclosure for this sale can be found here. Insiders have sold 12,583 shares of company stock worth $2,856,353 over the last three months. Insiders own 1.10% of the company’s stock.

Avery Dennison Stock Down 2.4 %

AVY stock opened at $213.38 on Tuesday. The company’s 50 day moving average price is $224.17 and its 200 day moving average price is $213.73. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.58 and a current ratio of 0.87. Avery Dennison Co. has a fifty-two week low of $165.21 and a fifty-two week high of $231.53. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.01 and a beta of 0.88.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.15 by $0.14. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Avery Dennison had a net margin of 6.56% and a return on equity of 32.59%. On average, equities research analysts anticipate that Avery Dennison Co. will post 9.32 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were paid a $0.88 dividend. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.81. This represents a $3.52 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, June 5th. Avery Dennison’s dividend payout ratio is currently 51.39%.

Analyst Upgrades and Downgrades

AVY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Avery Dennison from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. StockNews.com raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. Raymond James reissued an “outperform” rating and set a $240.00 price target (up previously from $225.00) on shares of Avery Dennison in a research report on Thursday, April 25th. Citigroup increased their price target on shares of Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, Robert W. Baird increased their price target on shares of Avery Dennison from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $230.50.

Avery Dennison Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.