Fox Run Management L.L.C. raised its holdings in Avery Dennison Corporation (NYSE:AVY – Free Report) by 379.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,157 shares of the industrial products company’s stock after buying an additional 6,454 shares during the period. Fox Run Management L.L.C.’s holdings in Avery Dennison were worth $1,484,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC increased its position in shares of Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 169 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Avery Dennison by 60.8% during the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 73 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of Avery Dennison during the fourth quarter worth about $37,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Avery Dennison during the second quarter worth about $37,000. Finally, Sound Income Strategies LLC increased its position in shares of Avery Dennison by 51.1% during the fourth quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 72 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Avery Dennison Stock Performance
Shares of AVY stock opened at $152.94 on Tuesday. The stock has a market capitalization of $11.70 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. The stock’s 50-day moving average price is $164.14 and its 200 day moving average price is $175.78. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38.
Avery Dennison Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a $1.00 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, June 3rd. This represents a $4.00 annualized dividend and a yield of 2.6%. Avery Dennison’s payout ratio is presently 45.10%.
Insider Transactions at Avery Dennison
In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the transaction, the director owned 211,147 shares in the company, valued at approximately $36,714,240.36. The trade was a 8.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Raymond James Financial set a $192.00 target price on Avery Dennison in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. UBS Group cut their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and a consensus price target of $201.33.
Check Out Our Latest Stock Report on Avery Dennison
Avery Dennison Company Profile
Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.
The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.
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