Stephens Inc. AR Sells 86 Shares of Avery Dennison Co. (NYSE:AVY)

Stephens Inc. AR lessened its position in Avery Dennison Co. (NYSE:AVYFree Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,282 shares of the industrial products company’s stock after selling 86 shares during the period. Stephens Inc. AR’s holdings in Avery Dennison were worth $866,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. grew its holdings in Avery Dennison by 30.7% in the 4th quarter. QRG Capital Management Inc. now owns 3,682 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 864 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Avery Dennison in the 4th quarter worth about $1,213,000. UBS Group AG lifted its position in shares of Avery Dennison by 54.1% in the 4th quarter. UBS Group AG now owns 181,418 shares of the industrial products company’s stock worth $36,675,000 after purchasing an additional 63,716 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Avery Dennison in the 4th quarter worth about $2,715,000. Finally, Norden Group LLC lifted its position in shares of Avery Dennison by 3.9% in the 4th quarter. Norden Group LLC now owns 4,026 shares of the industrial products company’s stock worth $814,000 after purchasing an additional 151 shares during the period. Institutional investors own 94.17% of the company’s stock.

Insider Transactions at Avery Dennison

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 completion of the sale, the senior vice president now directly owns 1,577 shares in the company, valued at $359,824.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deena Baker-Nel sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $228.17, for a total transaction of $684,510.00. Following the completion of the sale, the senior vice president now directly owns 1,577 shares in the company, valued at $359,824.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Yost sold 149 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $226.38, for a total transaction of $33,730.62. Following the sale, the insider now owns 2,110 shares of the company’s stock, valued at $477,661.80. The disclosure for this sale can be found here. Insiders sold 10,377 shares of company stock worth $2,356,252 over the last three months. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial raised their target price on shares of Avery Dennison from $248.00 to $253.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Robert W. Baird raised their target price on shares of Avery Dennison from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Avery Dennison from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Citigroup lifted their price target on shares of Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, StockNews.com raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $230.50.

Read Our Latest Report on Avery Dennison

Avery Dennison Stock Down 0.7 %

NYSE:AVY opened at $224.74 on Tuesday. The firm has a market cap of $18.10 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.08 and a beta of 0.91. 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 Co. has a fifty-two week low of $162.35 and a fifty-two week high of $229.98. The firm has a 50-day simple moving average of $221.01 and a two-hundred day simple moving average of $210.35.

Avery Dennison (NYSE:AVYGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.14. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. Avery Dennison had a net margin of 6.56% and a return on equity of 32.59%. Analysts predict that Avery Dennison Co. will post 9.32 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. Stockholders of record on Wednesday, June 5th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.81. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.57%. Avery Dennison’s payout ratio is currently 51.39%.

About Avery Dennison

(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.

See Also

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

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