Avery Dennison Co. (NYSE:AVY) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 49.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409 shares of the industrial products company’s stock after buying an additional 136 shares during the period. Farther Finance Advisors LLC’s holdings in Avery Dennison were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AVY. Larson Financial Group LLC boosted its stake in shares of Avery Dennison by 100.0% in the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after buying an additional 71 shares during the last quarter. Regents Gate Capital LLP purchased a new stake in shares of Avery Dennison in the fourth quarter worth about $37,000. Spire Wealth Management boosted its stake in shares of Avery Dennison by 76.0% in the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock worth $56,000 after buying an additional 130 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Avery Dennison in the third quarter worth about $66,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Avery Dennison in the fourth quarter worth about $68,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of AVY stock opened at $174.68 on Friday. The stock has a market capitalization of $13.79 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a 52-week low of $173.02 and a 52-week high of $233.48. The stock’s 50-day moving average price is $184.59 and its 200 day moving average price is $198.04. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. As a group, equities research analysts forecast that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.02%. Avery Dennison’s payout ratio is 40.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AVY shares. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $210.00 to $205.00 in a research report on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $215.00 price target (down previously from $245.00) on shares of Avery Dennison in a research report on Friday, January 31st. BMO Capital Markets set a $226.00 price target on Avery Dennison in a research report on Monday, February 3rd. Robert W. Baird set a $220.00 target price on Avery Dennison in a research report on Friday, January 31st. Finally, Citigroup decreased their target price on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $222.51.

Insider Transactions at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 12,969 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the completion of the sale, the chairman now directly owns 303,331 shares in the company, valued at approximately $55,160,742.35. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

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.