2 weeks Ago By ABMN Staff
Federated Hermes Inc. cut its position in Avery Dennison Co. ( NYSE:AVY – Free Report ) by 42.
1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 798 shares of the industrial products company’s stock after selling 581 shares during the quarter. Federated Hermes Inc.
’s holdings in Avery Dennison were worth $149,000 at the end of the most recent quarter. Other hedge funds have also recently added to or reduced their stakes in the company. Regents Gate Capital LLP acquired a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $37,000.
Spire Wealth Management boosted its stake in Avery Dennison by 76.0% during the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 130 shares during the period.
VisionPoint Advisory Group LLC purchased a new position in Avery Dennison during the 4th quarter worth $68,000. AdvisorNet Financial Inc increased its stake in Avery Dennison by 18.8% in the fourth quarter.
AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 58 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Avery Dennison by 22.
5% in the fourth quarter. Assetmark Inc. now owns 397 shares of the industrial products company’s stock valued at $74,000 after buying an additional 73 shares during the last quarter.
Hedge funds and other institutional investors own 94.17% of the company’s stock. Analysts Set New Price Targets Several equities analysts recently issued reports on the company.
BMO Capital Markets set a $226.00 price target on Avery Dennison in a research report on Monday, February 3rd. Robert W.
Baird set a $220.00 target price on Avery Dennison in a report on Friday, January 31st. JPMorgan Chase & Co.
raised Avery Dennison from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $210.00 to $205.00 in a report on Friday, January 31st.
Barclays dropped their price objective on shares of Avery Dennison from $245.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd.
Finally, Truist Financial restated a “buy” rating and issued a $215.00 target price (down previously from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st.
Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.87.
Insider Transactions at Avery Dennison In related 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 transaction of $2,358,412.65. Following the completion of the sale, the chairman now owns 303,331 shares in the company, valued at approximately $55,160,742.
35. This trade represents a 4.10 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Corporate insiders own 0.84% of the company’s stock.
Avery Dennison Price Performance AVY stock opened at $170.98 on Friday. The company has a market cap of $13.
43 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.07 and a beta of 0.
85. 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 firm has a 50 day moving average of $177.
54 and a 200-day moving average of $191.27. Avery Dennison Co.
has a 12-month low of $157.00 and a 12-month high of $233.48.
Avery Dennison ( NYSE:AVY – Get Free Report ) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $2.
39 by ($0.01). Avery Dennison had a return on equity of 33.
06% and a net margin of 8.05%. As a group, equities analysts expect that Avery Dennison Co.
will post 9.96 EPS for the current fiscal year. Avery Dennison Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th.
Stockholders of record on Wednesday, March 5th were given a $0.88 dividend. The ex-dividend date was Wednesday, March 5th.
This represents a $3.52 annualized dividend and a dividend yield of 2.06%.
Avery Dennison’s dividend payout ratio is presently 40.37%. About Avery Dennison ( Free Report ) 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. Featured Stories Receive News & Ratings for Avery Dennison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison and related companies with MarketBeat.com's FREE daily email newsletter .
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