Campbell & CO Investment Adviser LLC Takes $588,000 Position in Avery Dennison Co. (NYSE:AVY)

Campbell & CO Investment Adviser LLC bought a new position in shares of Avery Dennison Co. (NYSE:AVYFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,910 shares of the industrial products company’s stock, valued at approximately $588,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its position in shares of Avery Dennison by 23.0% in the third quarter. Avantax Advisory Services Inc. now owns 4,083 shares of the industrial products company’s stock worth $746,000 after acquiring an additional 764 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Avery Dennison by 444.9% in the 3rd quarter. Spire Wealth Management now owns 1,602 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 1,308 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Avery Dennison by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,480 shares of the industrial products company’s stock valued at $119,189,000 after buying an additional 8,200 shares during the period. Van ECK Associates Corp increased its holdings in shares of Avery Dennison by 3.4% during the 3rd quarter. Van ECK Associates Corp now owns 10,931 shares of the industrial products company’s stock worth $1,997,000 after buying an additional 364 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Avery Dennison by 13.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,624 shares of the industrial products company’s stock worth $1,027,000 after buying an additional 668 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Deena Baker-Nel sold 3,000 shares of Avery Dennison stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $228.17, for a total value of $684,510.00. Following the transaction, the senior vice president now owns 1,577 shares of the company’s stock, valued at approximately $359,824.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Avery Dennison 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 sale, the insider now directly owns 2,843 shares of the company’s stock, valued at $606,383.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deena Baker-Nel sold 3,000 shares of Avery Dennison stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $228.17, for a total transaction of $684,510.00. Following the completion of the transaction, the senior vice president now directly owns 1,577 shares in the company, valued at $359,824.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,777 shares of company stock worth $2,654,858. 1.10% of the stock is owned by corporate insiders.

Avery Dennison Stock Down 0.3 %

AVY stock opened at $226.29 on Friday. The stock has a market cap of $18.23 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.09 and a beta of 0.91. The firm’s 50-day simple moving average is $220.99 and its 200 day simple moving average is $209.96. Avery Dennison Co. has a fifty-two week low of $162.32 and a fifty-two week high of $229.98. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.94.

Avery Dennison (NYSE:AVYGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.14. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Avery Dennison had a return on equity of 32.59% and a net margin of 6.56%. As a group, sell-side analysts predict that Avery Dennison Co. will post 9.32 EPS for the current year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, June 5th. This is a boost from Avery Dennison’s previous quarterly dividend of $0.81. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. Avery Dennison’s dividend payout ratio (DPR) is 51.39%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AVY shares. Robert W. Baird lifted their price objective on Avery Dennison from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday. Argus increased their price objective on shares of Avery Dennison from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Raymond James restated an “outperform” rating and set a $240.00 target price (up previously from $225.00) on shares of Avery Dennison in a report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Citigroup upped their target price on Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $230.50.

Check Out Our Latest Stock Report on AVY

Avery Dennison Company 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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