Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Wealth Enhancement Advisory Services LLC increased its stake in Avery Dennison Co. (NYSE:AVY) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,998 shares of the industrial products company’s stock after buying an additional 83 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Avery Dennison were worth $2,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in shares of Avery Dennison by 100.0% during the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Kennebec Savings Bank purchased a new stake in Avery Dennison during the 3rd quarter valued at about $36,000. Peterson Financial Group Inc. bought a new stake in Avery Dennison during the 3rd quarter valued at about $39,000. Ashton Thomas Private Wealth LLC purchased a new position in Avery Dennison in the second quarter worth about $42,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Avery Dennison by 1,400.0% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock worth $56,000 after buying an additional 238 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the transaction, the senior vice president now owns 7,126 shares of the company’s stock, valued at $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Avery Dennison Stock Up 0.6 %

Shares of AVY stock opened at $189.17 on Wednesday. The company has a 50 day simple moving average of $195.92 and a two-hundred day simple moving average of $208.30. The stock has a market cap of $15.20 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.52 and a beta of 0.89. Avery Dennison Co. has a 12 month low of $181.99 and a 12 month high of $233.48. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.

Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm earned $2.10 EPS. Avery Dennison’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, research analysts expect that Avery Dennison Co. will post 9.42 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, December 4th. Avery Dennison’s payout ratio is 42.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Bank of America decreased their price target on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup decreased their target price on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Barclays dropped their price target on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.05.

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.