Flagship Harbor Advisors LLC Lowers Stock Position in Avery Dennison Co. (NYSE:AVY)

Flagship Harbor Advisors LLC trimmed its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,011 shares of the industrial products company’s stock after selling 77 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Avery Dennison were worth $376,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Larson Financial Group LLC raised its position in shares of Avery Dennison by 100.0% in the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Avery Dennison during the third quarter valued at about $36,000. Peterson Financial Group Inc. bought a new stake in shares of Avery Dennison in the 3rd quarter valued at about $39,000. Raleigh Capital Management Inc. grew its position in shares of Avery Dennison by 1,400.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock worth $56,000 after buying an additional 238 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Avery Dennison during the 3rd quarter worth approximately $66,000. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Down 1.3 %

Shares of Avery Dennison stock opened at $193.43 on Wednesday. The stock has a market cap of $15.54 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. The firm has a fifty day moving average price of $194.04 and a 200 day moving average price of $206.80. Avery Dennison Co. has a 1 year low of $181.99 and a 1 year high of $233.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62.

Insiders Place Their Bets

In other news, SVP Nicholas Colisto sold 3,679 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the sale, the senior vice president now owns 7,126 shares in the company, valued at $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AVY has been the subject of several recent analyst reports. StockNews.com downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Truist Financial dropped their target price on Avery Dennison from $258.00 to $245.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets decreased their price target on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Bank of America dropped their price target on Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered shares of Avery Dennison from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $230.00 to $210.00 in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $235.05.

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.