Savant Capital LLC Grows Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Savant Capital LLC lifted its position in Avery Dennison Co. (NYSE:AVY) by 15.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,115 shares of the industrial products company’s stock after buying an additional 411 shares during the quarter. Savant Capital LLC’s holdings in Avery Dennison were worth $630,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AVY. Ameriprise Financial Inc. raised its stake in Avery Dennison by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 2,670,469 shares of the industrial products company’s stock valued at $487,857,000 after buying an additional 493,857 shares during the last quarter. Morgan Stanley raised its position in shares of Avery Dennison by 55.7% in the 3rd quarter. Morgan Stanley now owns 1,788,321 shares of the industrial products company’s stock valued at $326,673,000 after purchasing an additional 639,521 shares during the last quarter. Cerity Partners LLC boosted its stake in Avery Dennison by 4,159.9% in the 4th quarter. Cerity Partners LLC now owns 1,191,228 shares of the industrial products company’s stock worth $240,819,000 after purchasing an additional 1,163,264 shares in the last quarter. Truist Financial Corp grew its position in Avery Dennison by 5.5% during the 3rd quarter. Truist Financial Corp now owns 1,096,524 shares of the industrial products company’s stock worth $200,302,000 after purchasing an additional 57,106 shares during the last quarter. Finally, Boston Partners increased its stake in Avery Dennison by 43.9% during the 3rd quarter. Boston Partners now owns 1,007,542 shares of the industrial products company’s stock valued at $184,026,000 after purchasing an additional 307,325 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling

In related news, insider Ryan D. Yost sold 1,400 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the transaction, the insider now owns 2,843 shares in the company, valued at approximately $606,383.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Ryan D. Yost sold 1,400 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the transaction, the insider now owns 2,843 shares in the company, valued at approximately $606,383.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Ignacio J. Walker sold 5,000 shares of the company’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 transaction, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $1,305,217.80. The disclosure for this sale can be found here. Insiders sold a total of 19,879 shares of company stock worth $4,217,705 in the last 90 days. Insiders own 1.10% of the company’s stock.

Avery Dennison Trading Up 0.9 %

Shares of Avery Dennison stock opened at $221.55 on Friday. The firm has a 50-day simple moving average of $216.39 and a two-hundred day simple moving average of $201.70. The company has a market cap of $17.85 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 3.38 and a beta of 0.91. 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 debt-to-equity ratio of 0.94, a quick ratio of 0.58 and a current ratio of 0.87.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.16. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Avery Dennison had a net margin of 6.56% and a return on equity of 32.59%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share. As a group, equities analysts predict that Avery Dennison Co. will post 9.27 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, June 4th. This is an increase from Avery Dennison’s previous quarterly dividend of $0.81. Avery Dennison’s dividend payout ratio is 47.30%.

Wall Street Analysts Forecast Growth

AVY has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Robert W. Baird boosted their price objective on shares of Avery Dennison from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. StockNews.com raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. Raymond James reissued an “outperform” rating and set a $240.00 price objective (up from $225.00) on shares of Avery Dennison in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $218.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $224.00.

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.