Asset Management One Co. Ltd. Purchases 10,008 Shares of Avery Dennison Co. (NYSE:AVY)

Asset Management One Co. Ltd. grew its holdings in shares of Avery Dennison Co. (NYSE:AVYGet Rating) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 137,661 shares of the industrial products company’s stock after purchasing an additional 10,008 shares during the period. Asset Management One Co. Ltd. owned approximately 0.17% of Avery Dennison worth $22,427,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Ieq Capital LLC grew its position in Avery Dennison by 13.6% in the 3rd quarter. Ieq Capital LLC now owns 1,721 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 206 shares during the period. First Republic Investment Management Inc. boosted its holdings in Avery Dennison by 4.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 15,156 shares of the industrial products company’s stock worth $2,466,000 after buying an additional 620 shares during the period. CIBC Asset Management Inc lifted its stake in Avery Dennison by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 15,141 shares of the industrial products company’s stock worth $2,463,000 after purchasing an additional 837 shares in the last quarter. Creative Planning lifted its stake in Avery Dennison by 9.7% in the 3rd quarter. Creative Planning now owns 9,076 shares of the industrial products company’s stock worth $1,477,000 after purchasing an additional 804 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Avery Dennison by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 61,274 shares of the industrial products company’s stock valued at $9,969,000 after buying an additional 293 shares in the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Stock Down 1.0 %

Shares of NYSE AVY opened at $189.90 on Wednesday. The company’s 50-day simple moving average is $186.66 and its 200-day simple moving average is $181.61. Avery Dennison Co. has a 52-week low of $151.62 and a 52-week high of $209.92. The firm has a market cap of $15.38 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. The company has a quick ratio of 0.66, a current ratio of 1.01 and a debt-to-equity ratio of 1.23.

Avery Dennison (NYSE:AVYGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.05). Avery Dennison had a net margin of 8.88% and a return on equity of 40.82%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the firm posted $2.14 earnings per share. Avery Dennison’s revenue was up 11.8% on a year-over-year basis. Equities analysts predict that Avery Dennison Co. will post 9.64 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.58%. Avery Dennison’s dividend payout ratio (DPR) is 30.33%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Avery Dennison from $183.00 to $194.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 11th. Robert W. Baird dropped their price objective on shares of Avery Dennison from $250.00 to $210.00 in a research note on Thursday, October 27th. Bank of America raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $205.00 in a research report on Thursday, December 15th. Raymond James decreased their target price on shares of Avery Dennison from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, October 27th. Finally, StockNews.com cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, December 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $203.00.

Avery Dennison Company Profile

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Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials under the Fasson, JAC, and Avery Dennison brands; graphics products under the Avery Dennison and Mactac brands; and reflective products under the Avery Dennison brand.

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Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

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