2,347 Shares in Avery Dennison Co. (NYSE:AVY) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Avery Dennison Co. (NYSE:AVY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,347 shares of the industrial products company’s stock, valued at approximately $439,000.

Several other institutional investors have also recently made changes to their positions in AVY. Geode Capital Management LLC increased its position in Avery Dennison by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,088,516 shares of the industrial products company’s stock valued at $459,621,000 after buying an additional 157,754 shares in the last quarter. Boston Partners grew its stake in Avery Dennison by 7.7% in the fourth quarter. Boston Partners now owns 926,506 shares of the industrial products company’s stock valued at $173,385,000 after acquiring an additional 66,216 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Avery Dennison by 21.4% during the fourth quarter. Bank of New York Mellon Corp now owns 764,591 shares of the industrial products company’s stock valued at $143,078,000 after acquiring an additional 134,560 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Avery Dennison by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 699,091 shares of the industrial products company’s stock worth $130,821,000 after purchasing an additional 10,674 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Avery Dennison by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 617,611 shares of the industrial products company’s stock worth $136,338,000 after purchasing an additional 4,670 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $175.38 on Wednesday. The business’s fifty day simple moving average is $184.10 and its 200 day simple moving average is $197.31. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10. Avery Dennison Co. has a 12 month low of $173.02 and a 12 month high of $233.48. The firm has a market capitalization of $13.85 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. As a group, analysts anticipate that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.01%. Avery Dennison’s payout ratio is currently 40.37%.

Analyst Ratings Changes

A number of analysts have commented on AVY shares. Citigroup decreased their price target on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Barclays decreased their target price on shares of Avery Dennison from $245.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $210.00 to $205.00 in a research report on Friday, January 31st. BMO Capital Markets set a $226.00 price objective on Avery Dennison in a report on Monday, February 3rd. Finally, Truist Financial restated a “buy” rating and issued a $215.00 target price (down previously from $245.00) on shares of Avery Dennison in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus price target of $222.51.

Insider Buying and Selling

In other Avery Dennison news, Chairman Mitchell R. Butier sold 12,969 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the completion of the sale, the chairman now directly owns 303,331 shares of the company’s stock, valued at $55,160,742.35. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by 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.