Avery Dennison Co. (NYSE:AVY) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Avery Dennison Co. (NYSE:AVY) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 699,091 shares of the industrial products company’s stock after buying an additional 10,674 shares during the period. Charles Schwab Investment Management Inc. owned 0.87% of Avery Dennison worth $130,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in Avery Dennison by 15.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,340 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 175 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Avery Dennison by 64.6% in the fourth quarter. Jones Financial Companies Lllp now owns 423 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 166 shares during the last quarter. Metis Global Partners LLC lifted its position in Avery Dennison by 4.1% during the fourth quarter. Metis Global Partners LLC now owns 7,609 shares of the industrial products company’s stock worth $1,424,000 after buying an additional 298 shares in the last quarter. Private Trust Co. NA boosted its stake in Avery Dennison by 1.8% during the fourth quarter. Private Trust Co. NA now owns 7,209 shares of the industrial products company’s stock worth $1,349,000 after buying an additional 127 shares during the last quarter. Finally, Versor Investments LP grew its holdings in Avery Dennison by 65.2% in the 4th quarter. Versor Investments LP now owns 5,350 shares of the industrial products company’s stock valued at $1,001,000 after buying an additional 2,112 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 303,331 shares of the company’s stock, valued at approximately $55,160,742.35. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AVY has been the topic of several analyst reports. Citigroup reduced their price target on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Robert W. Baird set a $220.00 target price on shares of Avery Dennison in a research note on Friday, January 31st. Raymond James reissued an “outperform” rating and issued a $208.00 price target (down previously from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. UBS Group decreased their price objective on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Barclays cut their target price on Avery Dennison from $245.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $222.51.

Avery Dennison Trading Up 0.8 %

AVY opened at $183.94 on Friday. Avery Dennison Co. has a 52 week low of $178.72 and a 52 week high of $233.48. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10. The business has a fifty day simple moving average of $186.11 and a 200-day simple moving average of $200.82. The firm has a market cap of $14.53 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.07 and a beta of 0.85.

Avery Dennison (NYSE:AVY) last announced 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 net margin of 8.05% and a return on equity of 33.06%. On average, equities analysts expect that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 5th. Avery Dennison’s payout ratio is currently 40.37%.

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.