Avery Dennison Co. (NYSE:AVY) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in Avery Dennison Co. (NYSE:AVY) by 64.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 423 shares of the industrial products company’s stock after acquiring an additional 166 shares during the quarter. Jones Financial Companies Lllp’s holdings in Avery Dennison were worth $79,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Finance LLC boosted its stake in shares of Avery Dennison by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 2,822 shares of the industrial products company’s stock valued at $623,000 after buying an additional 55 shares during the last quarter. Greenleaf Trust boosted its stake in Avery Dennison by 4.4% during the 4th quarter. Greenleaf Trust now owns 1,352 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 57 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 58 shares in the last quarter. Lindenwold Advisors INC increased its position in shares of Avery Dennison by 0.6% in the 3rd quarter. Lindenwold Advisors INC now owns 10,266 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 59 shares during the last quarter. Finally, Cynosure Group LLC raised its stake in shares of Avery Dennison by 3.6% in the 3rd quarter. Cynosure Group LLC now owns 1,712 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 1.7 %

Avery Dennison stock opened at $178.91 on Monday. Avery Dennison Co. has a 52-week low of $174.91 and a 52-week high of $233.48. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.07 and a beta of 0.85. The firm has a 50-day moving average price of $185.49 and a two-hundred day moving average price of $199.38.

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

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.88 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a yield of 1.97%. Avery Dennison’s dividend payout ratio is presently 40.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird set a $220.00 price target on Avery Dennison in a research note on Friday, January 31st. Truist Financial reiterated a “buy” rating and issued a $215.00 price target (down from $245.00) on shares of Avery Dennison in a report on Friday, January 31st. UBS Group reduced their price objective on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Barclays lowered their target price on shares of Avery Dennison from $245.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, BMO Capital Markets set a $226.00 price target on shares of Avery Dennison in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $222.51.

Insider Buying and Selling at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 8,068 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $186.19, for a total transaction of $1,502,180.92. Following the transaction, the chairman now owns 316,300 shares in the company, valued at $58,891,897. This trade represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.