Accurate Wealth Management LLC Has $2.50 Million Holdings in Avery Dennison Co. (NYSE:AVY)

Accurate Wealth Management LLC lifted its position in shares of Avery Dennison Co. (NYSE:AVY) by 17.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,536 shares of the industrial products company’s stock after purchasing an additional 1,965 shares during the period. Accurate Wealth Management LLC’s holdings in Avery Dennison were worth $2,502,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. 180 Wealth Advisors LLC raised its holdings in Avery Dennison by 9.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 10,212 shares of the industrial products company’s stock worth $1,911,000 after buying an additional 850 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Avery Dennison by 18.8% during the fourth quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 58 shares in the last quarter. Matrix Trust Co raised its holdings in shares of Avery Dennison by 758.5% in the 4th quarter. Matrix Trust Co now owns 558 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 493 shares during the last quarter. Czech National Bank lifted its position in Avery Dennison by 6.2% in the 4th quarter. Czech National Bank now owns 17,421 shares of the industrial products company’s stock valued at $3,260,000 after acquiring an additional 1,019 shares in the last quarter. Finally, West Oak Capital LLC boosted its stake in Avery Dennison by 131.4% during the 4th quarter. West Oak Capital LLC now owns 1,620 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 920 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insider Activity at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction that occurred on Monday, November 25th. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Avery Dennison Stock Performance

Shares of AVY stock opened at $189.17 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.92. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.52 and a beta of 0.89. Avery Dennison Co. has a 52 week low of $181.99 and a 52 week high of $233.48. The firm’s 50-day simple moving average is $195.92 and its two-hundred day simple moving average is $208.30.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.01. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. Avery Dennison’s revenue was up 4.1% on a year-over-year basis. As a group, equities analysts forecast that Avery Dennison Co. will post 9.42 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.88 per share. The ex-dividend date was Wednesday, December 4th. This represents a $3.52 annualized dividend and a dividend yield of 1.86%. Avery Dennison’s payout ratio is 42.26%.

Analyst Ratings Changes

AVY has been the subject of several analyst reports. BMO Capital Markets lowered their price objective on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Bank of America lowered 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. Barclays reduced their target price on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Truist Financial lowered their target price on shares of Avery Dennison from $258.00 to $245.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, StockNews.com cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.05.

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.