West Oak Capital LLC Acquires 800 Shares of Avery Dennison Corporation (AVY)

West Oak Capital LLC raised its holdings in Avery Dennison Corporation (NYSE:AVY) by 114.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the industrial products company’s stock after purchasing an additional 800 shares during the period. West Oak Capital LLC’s holdings in Avery Dennison were worth $172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AVY. State of Tennessee Treasury Department lifted its stake in shares of Avery Dennison by 265.7% during the third quarter. State of Tennessee Treasury Department now owns 490,850 shares of the industrial products company’s stock valued at $48,270,000 after buying an additional 356,628 shares during the period. Atlantic Trust Group LLC lifted its stake in shares of Avery Dennison by 3,229.7% during the third quarter. Atlantic Trust Group LLC now owns 357,606 shares of the industrial products company’s stock valued at $35,167,000 after buying an additional 346,866 shares during the period. State Street Corp lifted its stake in shares of Avery Dennison by 5.0% during the second quarter. State Street Corp now owns 4,776,961 shares of the industrial products company’s stock valued at $422,140,000 after buying an additional 229,297 shares during the period. Vanguard Group Inc. lifted its stake in shares of Avery Dennison by 2.3% during the second quarter. Vanguard Group Inc. now owns 9,196,133 shares of the industrial products company’s stock valued at $812,662,000 after buying an additional 204,239 shares during the period. Finally, APG Asset Management N.V. lifted its stake in shares of Avery Dennison by 50.5% during the third quarter. APG Asset Management N.V. now owns 508,053 shares of the industrial products company’s stock valued at $49,962,000 after buying an additional 170,400 shares during the period. 84.82% of the stock is currently owned by institutional investors.

In other news, VP Susan C. Miller sold 6,518 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.17, for a total value of $685,498.06. Following the completion of the sale, the vice president now owns 13,409 shares of the company’s stock, valued at $1,410,224.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter K. Barker sold 2,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $114.76, for a total transaction of $229,520.00. Following the completion of the sale, the director now directly owns 26,703 shares of the company’s stock, valued at approximately $3,064,436.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,604 shares of company stock worth $16,475,271. 1.40% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on AVY shares. Zacks Investment Research raised shares of Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Tuesday, November 7th. KeyCorp reissued a “hold” rating on shares of Avery Dennison in a research note on Friday, September 22nd. Barclays upped their price objective on shares of Avery Dennison from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. JPMorgan Chase & Co. downgraded shares of Avery Dennison from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $115.00 price target on shares of Avery Dennison in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $110.83.

Avery Dennison Corporation (NYSE AVY) traded up $1.38 during trading hours on Friday, reaching $118.16. 437,081 shares of the company’s stock were exchanged, compared to its average volume of 503,370. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13. The stock has a market capitalization of $10,400.00, a P/E ratio of 26.38, a P/E/G ratio of 3.04 and a beta of 1.24. Avery Dennison Corporation has a 12 month low of $71.39 and a 12 month high of $118.52.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Avery Dennison had a net margin of 6.27% and a return on equity of 40.52%. Avery Dennison’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. research analysts anticipate that Avery Dennison Corporation will post 4.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Tuesday, December 5th. Avery Dennison’s dividend payout ratio is currently 40.18%.

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Avery Dennison Profile

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

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

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