Alliance Wealth Advisors LLC UT Acquires 162 Shares of Avery Dennison Co. (NYSE:AVY)

Alliance Wealth Advisors LLC UT grew its holdings in Avery Dennison Co. (NYSE:AVYFree Report) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,784 shares of the industrial products company’s stock after acquiring an additional 162 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Avery Dennison were worth $691,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clear Street Markets LLC boosted its holdings in Avery Dennison by 92.7% in the first quarter. Clear Street Markets LLC now owns 158 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Avery Dennison in the third quarter worth about $32,000. Milestone Investment Advisors LLC acquired a new stake in shares of Avery Dennison during the third quarter worth about $36,000. IFP Advisors Inc lifted its holdings in shares of Avery Dennison by 56.3% during the second quarter. IFP Advisors Inc now owns 200 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 72 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Avery Dennison during the second quarter worth about $33,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

AVY has been the subject of a number of research reports. UBS Group lifted their target price on Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Bank of America downgraded Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 target price for the company. in a report on Tuesday, January 2nd. Citigroup downgraded Avery Dennison from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $197.00 to $214.00 in a report on Wednesday, January 3rd. Raymond James boosted their price target on Avery Dennison from $199.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. boosted their price target on Avery Dennison from $185.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $218.78.

Get Our Latest Analysis on AVY

Avery Dennison Trading Up 0.4 %

Shares of AVY stock opened at $205.50 on Monday. Avery Dennison Co. has a 1-year low of $158.93 and a 1-year high of $205.50. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 3.13 and a beta of 0.90. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.04 and a quick ratio of 0.69. The stock has a 50 day simple moving average of $198.55 and a 200-day simple moving average of $188.28.

Avery Dennison (NYSE:AVYGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Avery Dennison had a net margin of 6.01% and a return on equity of 30.97%. During the same period in the prior year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts expect that Avery Dennison Co. will post 9.33 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.58%. Avery Dennison’s dividend payout ratio is currently 52.17%.

Insider Transactions at Avery Dennison

In other news, Director Julia A. Stewart sold 5,311 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the sale, the director now owns 5,018 shares of the company’s stock, valued at $1,014,940.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Avery Dennison Company Profile

(Free Report)

Avery Dennison Corporation operates as materials science and digital identification solutions company. It provides branding and information labeling solutions, including pressure-sensitive materials, radio-frequency identification (RFID) inlays and tags, and various converted products and solutions. The company designs and manufactures a range of labeling and functional materials that enhance branded packaging, carry or display information that connects the physical and the digital, and improve customers' product performance.

See Also

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Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

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