1,344 Shares in Avery Dennison Co. (NYSE:AVY) Purchased by Hyman Charles D

Hyman Charles D acquired a new position in Avery Dennison Co. (NYSE:AVY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,344 shares of the industrial products company’s stock, valued at approximately $272,000.

Several other large investors also recently added to or reduced their stakes in AVY. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Avery Dennison during the 3rd quarter valued at about $32,000. Milestone Investment Advisors LLC purchased a new position in Avery Dennison during the 3rd quarter valued at about $36,000. Anchor Investment Management LLC purchased a new position in shares of Avery Dennison during the fourth quarter worth about $42,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings 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 purchasing an additional 166 shares in the last quarter. Finally, Adirondack Trust Co. purchased a new position in shares of Avery Dennison during the third quarter worth about $55,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

NYSE AVY traded up $1.63 during trading hours on Tuesday, hitting $223.77. The company’s stock had a trading volume of 295,742 shares, compared to its average volume of 444,671. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.87 and a quick ratio of 0.58. The company has a market cap of $18.02 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 3.41 and a beta of 0.91. The company’s 50 day simple moving average is $216.74 and its two-hundred day simple moving average is $202.53. Avery Dennison Co. has a 12 month low of $158.93 and a 12 month high of $225.26.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $3.52 annualized dividend and a dividend yield of 1.57%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.81. Avery Dennison’s payout ratio is presently 47.30%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Avery Dennison from $218.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Citigroup boosted their target price on Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. UBS Group boosted their price objective on Avery Dennison from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Truist Financial boosted their price objective on Avery Dennison from $248.00 to $253.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Robert W. Baird boosted their price objective on Avery Dennison from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insider Buying and Selling at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 8,168 shares of the firm’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 available through the SEC website. In other news, SVP Ignacio J. Walker sold 5,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 6,102 shares of the company’s stock, valued at $1,305,217.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mitchell R. Butier sold 8,168 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 321,487 shares of the company’s stock, valued at approximately $69,878,414.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,879 shares of company stock valued at $4,217,705. 1.10% of the stock is owned by company insiders.

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.