Avery Dennison Co. (NYSE:AVY) Shares Bought by Xponance Inc.

Xponance Inc. raised its holdings in Avery Dennison Co. (NYSE:AVY) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,599 shares of the industrial products company’s stock after acquiring an additional 250 shares during the quarter. Xponance Inc.’s holdings in Avery Dennison were worth $2,732,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Boston Partners lifted its holdings in Avery Dennison by 7.7% in the fourth quarter. Boston Partners now owns 926,506 shares of the industrial products company’s stock valued at $173,385,000 after acquiring an additional 66,216 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Avery Dennison in the fourth quarter valued at $2,873,000. Advisors Asset Management Inc. lifted its holdings in Avery Dennison by 12.1% in the fourth quarter. Advisors Asset Management Inc. now owns 13,460 shares of the industrial products company’s stock valued at $2,519,000 after acquiring an additional 1,453 shares during the period. Terra Alpha Investments LLC purchased a new position in shares of Avery Dennison in the fourth quarter valued at $2,899,000. Finally, Signaturefd LLC increased its position in shares of Avery Dennison by 157.6% in the fourth quarter. Signaturefd LLC now owns 693 shares of the industrial products company’s stock valued at $130,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Truist Financial restated a “buy” rating and issued a $215.00 price target (down previously from $245.00) on shares of Avery Dennison in a research report on Friday, January 31st. 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 report on Monday, January 6th. Raymond James restated an “outperform” rating and issued a $208.00 price target (down previously from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. UBS Group dropped their price target on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Bank of America dropped their price target on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.51.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 12,969 shares of Avery Dennison stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the completion of the sale, the chairman now owns 303,331 shares in the company, valued at $55,160,742.35. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Avery Dennison Trading Down 1.3 %

Avery Dennison stock opened at $174.68 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10. The stock has a market cap of $13.79 billion, a PE ratio of 20.03, a P/E/G ratio of 2.07 and a beta of 0.85. The stock has a 50-day moving average price of $184.59 and a 200 day moving average price of $198.19. Avery Dennison Co. has a 52 week low of $173.02 and a 52 week high of $233.48.

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

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.02%. The ex-dividend date was Wednesday, March 5th. Avery Dennison’s dividend payout ratio (DPR) is 40.37%.

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.