Avery Dennison Co. (NYSE:AVY) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Avery Dennison Co. (NYSE:AVY) by 10.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 269,341 shares of the industrial products company’s stock after purchasing an additional 26,297 shares during the period. Natixis Advisors LLC owned approximately 0.34% of Avery Dennison worth $50,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVY. HBK Sorce Advisory LLC grew its position in shares of Avery Dennison by 0.5% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,862 shares of the industrial products company’s stock valued at $2,220,000 after acquiring an additional 58 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Avery Dennison during the 4th quarter valued at about $2,357,000. Avantax Advisory Services Inc. grew its position in shares of Avery Dennison by 7.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,436 shares of the industrial products company’s stock valued at $1,579,000 after acquiring an additional 565 shares during the period. Farther Finance Advisors LLC boosted its holdings in Avery Dennison by 49.8% in the 4th quarter. Farther Finance Advisors LLC now owns 409 shares of the industrial products company’s stock worth $77,000 after buying an additional 136 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Avery Dennison by 16.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,669 shares of the industrial products company’s stock worth $1,061,000 after buying an additional 815 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AVY. Bank of America lowered their price objective on Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Citigroup decreased their target price on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets set a $226.00 target price on shares of Avery Dennison in a research note on Monday, February 3rd. Raymond James reissued an “outperform” rating and issued a $208.00 target price (down from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. Finally, UBS Group decreased their target price on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.51.

Avery Dennison Stock Up 1.7 %

Shares of NYSE AVY opened at $178.91 on Friday. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.07 and a beta of 0.85. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10. Avery Dennison Co. has a 52-week low of $174.91 and a 52-week high of $233.48. The business’s 50 day moving average is $185.49 and its two-hundred day moving average is $199.52.

Avery Dennison (NYSE:AVY) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (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%. Research analysts predict that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, March 5th. Avery Dennison’s payout ratio is 40.37%.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $186.19, for a total value of $1,502,180.92. Following the completion of the transaction, the chairman now owns 316,300 shares in the company, valued at $58,891,897. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

About Avery Dennison

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.