Gradient Investments LLC Raises Stake in Avery Dennison Co. (NYSE:AVY)

Gradient Investments LLC lifted its position in Avery Dennison Co. (NYSE:AVY) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,310 shares of the industrial products company’s stock after purchasing an additional 501 shares during the period. Gradient Investments LLC owned about 0.09% of Avery Dennison worth $12,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of AVY. Exchange Traded Concepts LLC raised its holdings in Avery Dennison by 9.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,114 shares of the industrial products company’s stock valued at $770,000 after acquiring an additional 343 shares during the period. Bill Few Associates Inc. lifted its holdings in Avery Dennison by 0.9% in the 4th quarter. Bill Few Associates Inc. now owns 13,301 shares of the industrial products company’s stock worth $2,489,000 after purchasing an additional 116 shares in the last quarter. Mutual Advisors LLC boosted its stake in Avery Dennison by 74.9% in the 4th quarter. Mutual Advisors LLC now owns 2,498 shares of the industrial products company’s stock worth $478,000 after purchasing an additional 1,070 shares during the period. Sky Investment Group LLC raised its position in shares of Avery Dennison by 0.7% during the fourth quarter. Sky Investment Group LLC now owns 14,805 shares of the industrial products company’s stock valued at $2,770,000 after buying an additional 110 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Avery Dennison by 46.4% in the fourth quarter. Diversify Wealth Management LLC now owns 2,595 shares of the industrial products company’s stock worth $480,000 after buying an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Transactions at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,679 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the transaction, the senior vice president now owns 7,126 shares of the company’s stock, valued at $1,467,956. This trade represents a 34.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. BMO Capital Markets reduced their price target on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Bank of America reduced their target price on Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Citigroup dropped their price target on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. UBS Group decreased their price objective on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Barclays cut their target price on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.05.

Avery Dennison Trading Down 1.0 %

AVY stock opened at $191.33 on Friday. The firm’s fifty day simple moving average is $194.09 and its two-hundred day simple moving average is $207.06. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.85. Avery Dennison Co. has a twelve month low of $181.99 and a twelve month high of $233.48.

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

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.