Avery Dennison Co. (NYSE:AVY) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of Avery Dennison Co. (NYSE:AVY) by 32.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,492 shares of the industrial products company’s stock after purchasing an additional 1,100 shares during the quarter. Venturi Wealth Management LLC’s holdings in Avery Dennison were worth $841,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Avery Dennison by 8.2% during the third quarter. Geode Capital Management LLC now owns 2,088,516 shares of the industrial products company’s stock valued at $459,621,000 after acquiring an additional 157,754 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Avery Dennison by 6.8% in the third quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company’s stock worth $312,772,000 after acquiring an additional 90,250 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Avery Dennison by 0.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 699,541 shares of the industrial products company’s stock valued at $154,431,000 after buying an additional 3,118 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Avery Dennison by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 688,417 shares of the industrial products company’s stock valued at $151,975,000 after buying an additional 1,782 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Avery Dennison by 0.8% in the third quarter. Principal Financial Group Inc. now owns 617,611 shares of the industrial products company’s stock valued at $136,338,000 after buying an additional 4,670 shares during 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 stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following the sale, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Avery Dennison Trading Up 1.1 %

Avery Dennison stock opened at $183.65 on Wednesday. The firm has a 50-day moving average of $188.14 and a 200-day moving average of $203.16. Avery Dennison Co. has a one year low of $178.72 and a one year high of $233.48. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 2.04 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. On average, equities analysts expect that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.88 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 1.92%. Avery Dennison’s dividend payout ratio is presently 40.37%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AVY. Truist Financial reissued a “buy” rating and issued a $215.00 price objective (down from $245.00) on shares of Avery Dennison in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $208.00 price objective (down previously from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. Bank of America reduced their target price on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. 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 note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $210.00 to $205.00 in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $227.15.

About Avery Dennison

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.