Running Oak Capital LLC Acquires 7,572 Shares of Avery Dennison Co. (NYSE:AVY)

Running Oak Capital LLC raised its stake in shares of Avery Dennison Co. (NYSE:AVY) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,830 shares of the industrial products company’s stock after purchasing an additional 7,572 shares during the period. Running Oak Capital LLC owned 0.08% of Avery Dennison worth $11,945,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Intech Investment Management LLC boosted its holdings in Avery Dennison by 3.3% in the second quarter. Intech Investment Management LLC now owns 1,559 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 50 shares during the last quarter. Sei Investments Co. increased its position in shares of Avery Dennison by 0.9% during the second quarter. Sei Investments Co. now owns 39,282 shares of the industrial products company’s stock worth $8,589,000 after buying an additional 364 shares during the period. Marshall Wace LLP raised its stake in Avery Dennison by 25.0% during the second quarter. Marshall Wace LLP now owns 33,193 shares of the industrial products company’s stock worth $7,258,000 after buying an additional 6,632 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Avery Dennison by 60.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 15,421 shares of the industrial products company’s stock valued at $3,372,000 after acquiring an additional 5,806 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Avery Dennison by 104.0% during the 2nd quarter. Squarepoint Ops LLC now owns 62,605 shares of the industrial products company’s stock worth $13,689,000 after acquiring an additional 31,912 shares during the period. Institutional investors own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

AVY has been the topic of several recent research reports. JPMorgan Chase & Co. lowered Avery Dennison from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $230.00 to $210.00 in a report on Thursday, October 24th. UBS Group cut their price target on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Truist Financial dropped their target price on Avery Dennison from $258.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America cut their price objective on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Barclays lowered 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.05.

Avery Dennison Stock Down 1.0 %

AVY opened at $191.33 on Friday. The company’s 50-day moving average price is $194.09 and its two-hundred day moving average price is $207.02. 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. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.36 and a beta of 0.89.

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

Insider Buying and Selling at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction dated 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 sale, the senior vice president now owns 7,126 shares of the company’s stock, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.