Avery Dennison Corporation $AVY Stock Position Raised by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its position in shares of Avery Dennison Corporation (NYSE:AVY) by 3,188.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,418 shares of the industrial products company’s stock after purchasing an additional 13,010 shares during the period. Strengthening Families & Communities LLC’s holdings in Avery Dennison were worth $2,196,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. DNB Asset Management AS boosted its position in Avery Dennison by 4.3% during the second quarter. DNB Asset Management AS now owns 16,398 shares of the industrial products company’s stock valued at $2,877,000 after purchasing an additional 676 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Avery Dennison by 567.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock valued at $24,168,000 after buying an additional 126,704 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Avery Dennison by 1,018.3% during the 2nd quarter. Assetmark Inc. now owns 1,588 shares of the industrial products company’s stock valued at $279,000 after buying an additional 1,446 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Avery Dennison in the second quarter worth approximately $1,180,000. Finally, Vanguard Group Inc. increased its holdings in Avery Dennison by 0.6% in the second quarter. Vanguard Group Inc. now owns 10,017,906 shares of the industrial products company’s stock worth $1,757,842,000 after buying an additional 58,643 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

AVY has been the subject of several recent research reports. Argus set a $200.00 target price on shares of Avery Dennison in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. Citigroup increased their target price on shares of Avery Dennison from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. Finally, UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and increased their price objective for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.36.

Avery Dennison Stock Up 0.8%

Avery Dennison stock opened at $186.97 on Tuesday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 3.12 and a beta of 1.00. The firm has a fifty day moving average price of $181.88 and a two-hundred day moving average price of $174.05. Avery Dennison Corporation has a fifty-two week low of $156.23 and a fifty-two week high of $190.45. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89.

Avery Dennison 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.