Robeco Institutional Asset Management B.V. Sells 5,876 Shares of Avery Dennison Co. (NYSE:AVY)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,250 shares of the industrial products company’s stock after selling 5,876 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Avery Dennison were worth $65,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Avery Dennison in the third quarter valued at approximately $32,000. Milestone Investment Advisors LLC acquired a new position in Avery Dennison in the 3rd quarter worth $36,000. Anchor Investment Management LLC acquired a new stake in shares of Avery Dennison in the 4th quarter valued at about $42,000. VisionPoint Advisory Group LLC bought a new stake in shares of Avery Dennison in the fourth quarter valued at about $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Avery Dennison by 164.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock worth $54,000 after buying an additional 166 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Avery Dennison

In other news, SVP Ignacio J. Walker sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $213.90, for a total transaction of $1,069,500.00. Following the completion of the sale, the senior vice president now owns 6,102 shares in the company, valued at approximately $1,305,217.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,168 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $217.36, for a total value of $1,775,396.48. Following the transaction, the chairman now directly owns 321,487 shares of the company’s stock, valued at approximately $69,878,414.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Ignacio J. Walker sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $213.90, for a total value of $1,069,500.00. Following the transaction, the senior vice president now owns 6,102 shares in the company, valued at approximately $1,305,217.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,212 shares of company stock worth $5,336,779 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

AVY has been the topic of a number of recent research reports. StockNews.com raised Avery Dennison from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. Truist Financial boosted their price objective on shares of Avery Dennison from $248.00 to $253.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Robert W. Baird raised their target price on shares of Avery Dennison from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Raymond James reiterated an “outperform” rating and issued a $240.00 price target (up from $225.00) on shares of Avery Dennison in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Avery Dennison from $218.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and an average price target of $228.50.

Avery Dennison Stock Up 0.0 %

Avery Dennison stock opened at $227.05 on Friday. Avery Dennison Co. has a fifty-two week low of $158.93 and a fifty-two week high of $229.98. The firm has a market capitalization of $18.29 billion, a PE ratio of 33.15, a P/E/G ratio of 2.09 and a beta of 0.91. The company’s 50-day moving average is $219.53 and its 200-day moving average is $207.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.87 and a quick ratio of 0.58.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.14. Avery Dennison had a return on equity of 32.59% and a net margin of 6.56%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Sell-side analysts anticipate that Avery Dennison Co. will post 9.32 earnings per share for the current year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.81. The ex-dividend date is Wednesday, June 5th. Avery Dennison’s payout ratio is 47.30%.

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.