180 Wealth Advisors LLC Acquires 431 Shares of Avery Dennison Co. (NYSE:AVY)

180 Wealth Advisors LLC increased its holdings in Avery Dennison Co. (NYSE:AVY) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,567 shares of the industrial products company’s stock after purchasing an additional 431 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Avery Dennison were worth $1,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Anchor Investment Management LLC bought a new position in shares of Avery Dennison in the 4th quarter worth about $42,000. VisionPoint Advisory Group LLC acquired a new position in Avery Dennison in the fourth quarter valued at approximately $42,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Avery Dennison by 164.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock worth $54,000 after buying an additional 166 shares in the last quarter. Covestor Ltd grew its position in shares of Avery Dennison by 185.3% during the 3rd quarter. Covestor Ltd now owns 311 shares of the industrial products company’s stock worth $57,000 after buying an additional 202 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Avery Dennison by 250.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 403 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 288 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVY has been the subject of a number of research reports. Argus raised their price target on shares of Avery Dennison from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. StockNews.com upgraded Avery Dennison from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. Raymond James restated an “outperform” rating and set a $240.00 price objective (up previously from $225.00) on shares of Avery Dennison in a report on Thursday, April 25th. Finally, Truist Financial increased their target price on Avery Dennison from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average price target of $230.50.

Insider Buying and Selling

In other news, SVP Deena Baker-Nel sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $228.17, for a total transaction of $684,510.00. Following the completion of the sale, the senior vice president now directly owns 1,577 shares of the company’s stock, valued at approximately $359,824.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Avery Dennison news, CFO Gregory Lovins sold 2,894 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $227.20, for a total transaction of $657,516.80. Following the completion of the transaction, the chief financial officer now owns 67,457 shares in the company, valued at $15,326,230.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deena Baker-Nel sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $228.17, for a total transaction of $684,510.00. Following the completion of the sale, the senior vice president now directly owns 1,577 shares in the company, valued at approximately $359,824.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,583 shares of company stock worth $2,856,353. 1.10% of the stock is owned by company insiders.

Avery Dennison Stock Down 1.0 %

NYSE AVY traded down $2.22 on Friday, reaching $221.18. The company had a trading volume of 101,042 shares, compared to its average volume of 434,093. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $17.82 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.06 and a beta of 0.91. The company’s fifty day moving average is $224.00 and its 200 day moving average is $213.17. Avery Dennison Co. has a 52-week low of $163.83 and a 52-week high of $231.53.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.14. Avery Dennison had a net margin of 6.56% and a return on equity of 32.59%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Sell-side analysts anticipate that Avery Dennison Co. will post 9.32 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Wednesday, June 5th. Avery Dennison’s dividend payout ratio (DPR) is presently 51.39%.

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.