Avery Dennison Co. (NYSE:AVY) Shares Sold by Caprock Group LLC

Caprock Group LLC lowered its position in Avery Dennison Co. (NYSE:AVYFree Report) by 31.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,060 shares of the industrial products company’s stock after selling 496 shares during the period. Caprock Group LLC’s holdings in Avery Dennison were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AVY. Clear Street Markets LLC lifted its position in Avery Dennison by 92.7% in the first quarter. Clear Street Markets LLC now owns 158 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Avery Dennison during the 3rd quarter valued at $32,000. Eagle Bay Advisors LLC acquired a new stake in Avery Dennison in the 2nd quarter valued at $33,000. IFP Advisors Inc increased its stake in Avery Dennison by 56.3% during the second quarter. IFP Advisors Inc now owns 200 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 72 shares during the last quarter. Finally, Milestone Investment Advisors LLC bought a new stake in Avery Dennison during the first quarter valued at $35,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Performance

AVY stock opened at $220.37 on Wednesday. The company has a market capitalization of $17.74 billion, a P/E ratio of 35.49, a PEG ratio of 3.44 and a beta of 0.90. The company has a 50-day simple moving average of $211.29 and a 200 day simple moving average of $196.57. Avery Dennison Co. has a fifty-two week low of $158.93 and a fifty-two week high of $225.26. The company has a quick ratio of 0.69, a current ratio of 1.04 and a debt-to-equity ratio of 1.23.

Avery Dennison (NYSE:AVYGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.16. Avery Dennison had a net margin of 6.01% and a return on equity of 30.97%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the company earned $1.65 EPS. Avery Dennison’s revenue was up 4.2% on a year-over-year basis. Sell-side analysts predict that Avery Dennison Co. will post 9.28 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, March 5th. Avery Dennison’s payout ratio is 52.17%.

Wall Street Analyst Weigh In

AVY has been the subject of several recent research reports. Citigroup lowered shares of Avery Dennison from a “buy” rating to a “neutral” rating and upped their price target for the stock from $197.00 to $214.00 in a research report on Wednesday, January 3rd. Raymond James upped their price target on shares of Avery Dennison from $199.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $185.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Truist Financial restated a “buy” rating and set a $249.00 price target on shares of Avery Dennison in a research report on Friday, January 19th. Finally, UBS Group upped their price objective on shares of Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and an average price target of $218.78.

View Our Latest Stock Report on Avery Dennison

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, SVP Ignacio J. Walker sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $213.90, for a total value of $1,069,500.00. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares in the company, valued at $1,305,217.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Avery Dennison news, insider Ryan D. Yost sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $213.29, for a total value of $298,606.00. Following the completion of the transaction, the insider now directly owns 2,843 shares in the company, valued at $606,383.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ignacio J. Walker sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $213.90, for a total transaction of $1,069,500.00. Following the completion of the transaction, the senior vice president now owns 6,102 shares of the company’s stock, valued at $1,305,217.80. The disclosure for this sale can be found here. In the last three months, insiders sold 19,879 shares of company stock valued at $4,217,705. 1.10% of the stock is owned by insiders.

Avery Dennison Profile

(Free Report)

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.

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

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