Decker Retirement Planning Inc. Invests $94,000 in Avery Dennison Co. (NYSE:AVY)

Decker Retirement Planning Inc. purchased a new stake in Avery Dennison Co. (NYSE:AVY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 500 shares of the industrial products company’s stock, valued at approximately $94,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVY. Nordea Investment Management AB increased its position in shares of Avery Dennison by 485.2% during the fourth quarter. Nordea Investment Management AB now owns 35,630 shares of the industrial products company’s stock worth $6,715,000 after acquiring an additional 29,541 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Avery Dennison by 6.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company’s stock valued at $312,772,000 after purchasing an additional 90,250 shares during the last quarter. Seven Eight Capital LP bought a new stake in Avery Dennison during the 2nd quarter worth approximately $1,271,000. Icon Wealth Advisors LLC raised its stake in shares of Avery Dennison by 553.5% in the third quarter. Icon Wealth Advisors LLC now owns 3,137 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 2,657 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Avery Dennison by 1.9% in the second quarter. Bank of Montreal Can now owns 250,213 shares of the industrial products company’s stock valued at $57,581,000 after purchasing an additional 4,752 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 0.4 %

NYSE:AVY opened at $191.04 on Friday. 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. The firm’s 50 day moving average is $195.36 and its 200 day moving average is $208.06. The stock has a market capitalization of $15.35 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.01. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 earnings per share. Sell-side analysts expect that Avery Dennison Co. will post 9.41 earnings per share for the current year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.88 per share. The ex-dividend date was Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 1.84%. Avery Dennison’s dividend payout ratio is presently 42.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AVY shares. Truist Financial decreased their price target on Avery Dennison from $258.00 to $245.00 and set a “buy” rating for the company in a report on Monday, January 6th. BMO Capital Markets reduced their target price on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Citigroup dropped their price target on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Barclays reduced their price objective on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Bank of America dropped their target price on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.05.

Insider Transactions at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction on 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 directly owns 7,126 shares in the company, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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.