Creative Planning Has $2.63 Million Holdings in Avery Dennison Co. (NYSE:AVY)

Creative Planning decreased its position in Avery Dennison Co. (NYSE:AVY) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,913 shares of the industrial products company’s stock after selling 789 shares during the quarter. Creative Planning’s holdings in Avery Dennison were worth $2,630,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AVY. Cetera Investment Advisers raised its position in Avery Dennison by 195.2% in the 1st quarter. Cetera Investment Advisers now owns 17,863 shares of the industrial products company’s stock valued at $3,988,000 after buying an additional 11,811 shares during the last quarter. Natixis grew its stake in shares of Avery Dennison by 365.9% during the 1st quarter. Natixis now owns 4,552 shares of the industrial products company’s stock worth $1,016,000 after acquiring an additional 3,575 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Avery Dennison in the first quarter valued at approximately $2,935,000. SG Americas Securities LLC lifted its position in shares of Avery Dennison by 86.5% in the second quarter. SG Americas Securities LLC now owns 32,538 shares of the industrial products company’s stock worth $7,114,000 after purchasing an additional 15,092 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in Avery Dennison during the second quarter worth $543,000. 94.17% of the stock is currently owned by institutional investors.

Insider Transactions at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 7,108 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $218.12, for a total value of $1,550,396.96. Following the transaction, the chairman now directly owns 304,114 shares in the company, valued at approximately $66,333,345.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman Mitchell R. Butier sold 7,108 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $218.12, for a total value of $1,550,396.96. Following the completion of the sale, the chairman now directly owns 304,114 shares in the company, valued at approximately $66,333,345.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mitchell R. Butier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $213.75, for a total value of $2,137,500.00. Following the transaction, the chairman now owns 304,114 shares in the company, valued at approximately $65,004,367.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,108 shares of company stock valued at $12,545,087. 1.10% of the stock is currently owned by corporate insiders.

Avery Dennison Price Performance

Shares of AVY opened at $207.16 on Friday. The firm has a market capitalization of $16.69 billion, a PE ratio of 30.24, a PEG ratio of 1.78 and a beta of 0.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.90 and a quick ratio of 0.60. The company’s 50-day moving average is $216.73 and its 200-day moving average is $218.44. Avery Dennison Co. has a fifty-two week low of $165.21 and a fifty-two week high of $233.48.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.01. Avery Dennison had a net margin of 7.34% and a return on equity of 33.44%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business posted $2.10 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities analysts forecast that Avery Dennison Co. will post 9.41 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.70%. The ex-dividend date is Wednesday, December 4th. Avery Dennison’s payout ratio is 51.39%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AVY shares. Barclays assumed coverage on shares of Avery Dennison in a research note on Monday, October 7th. They issued an “overweight” rating and a $250.00 price target on the stock. StockNews.com downgraded Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets reduced their price target on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered Avery Dennison from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $230.00 to $210.00 in a research report on Thursday. Finally, Truist Financial increased their price objective on Avery Dennison from $253.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.42.

Avery Dennison Company 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.