Avery Dennison Co. (NYSE:AVY) Shares Bought by Resources Management Corp CT ADV

Resources Management Corp CT ADV grew its holdings in shares of Avery Dennison Co. (NYSE:AVYGet Rating) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,718 shares of the industrial products company’s stock after purchasing an additional 279 shares during the period. Resources Management Corp CT ADV’s holdings in Avery Dennison were worth $1,343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Avery Dennison during the first quarter worth $778,000. Envestnet Asset Management Inc. raised its holdings in shares of Avery Dennison by 2.6% during the first quarter. Envestnet Asset Management Inc. now owns 76,719 shares of the industrial products company’s stock worth $13,347,000 after purchasing an additional 1,912 shares during the period. DAVENPORT & Co LLC bought a new position in shares of Avery Dennison during the first quarter worth about $299,000. Kentucky Retirement Systems grew its position in shares of Avery Dennison by 5.0% during the first quarter. Kentucky Retirement Systems now owns 5,277 shares of the industrial products company’s stock worth $918,000 after acquiring an additional 253 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its position in shares of Avery Dennison by 60.2% during the first quarter. Mascoma Wealth Management LLC now owns 346 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 130 shares during the last quarter. 90.21% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Stock Performance

Shares of AVY opened at $180.19 on Thursday. The firm has a 50-day moving average price of $185.33 and a 200 day moving average price of $175.28. The firm has a market capitalization of $14.64 billion, a PE ratio of 19.69, a P/E/G ratio of 2.75 and a beta of 0.97. The company has a quick ratio of 0.65, a current ratio of 0.98 and a debt-to-equity ratio of 1.29. Avery Dennison Co. has a 52-week low of $151.62 and a 52-week high of $229.24.

Avery Dennison (NYSE:AVYGet Rating) last announced its earnings results on Wednesday, July 27th. The industrial products company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.27. Avery Dennison had a net margin of 8.48% and a return on equity of 40.75%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. Avery Dennison’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Avery Dennison Co. will post 9.93 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.66%. Avery Dennison’s dividend payout ratio (DPR) is 32.79%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. UBS Group lowered their price target on shares of Avery Dennison from $195.00 to $180.00 in a research report on Wednesday, July 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.57.

Avery Dennison Profile

(Get Rating)

Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

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