Cerity Partners LLC lessened its position in Avery Dennison Corporation (NYSE:AVY – Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,152 shares of the industrial products company’s stock after selling 3,431 shares during the period. Cerity Partners LLC owned about 0.10% of Avery Dennison worth $12,349,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AVY. Bayforest Capital Ltd purchased a new stake in Avery Dennison during the 1st quarter valued at $27,000. Vermillion & White Wealth Management Group LLC raised its holdings in Avery Dennison by 89.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 80 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Avery Dennison by 193.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company’s stock valued at $30,000 after buying an additional 112 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of Avery Dennison by 156.2% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after buying an additional 114 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Avery Dennison in the second quarter worth about $35,000. 94.17% of the stock is currently owned by institutional investors.
Avery Dennison Price Performance
Shares of AVY stock opened at $188.34 on Friday. Avery Dennison Corporation has a twelve month low of $156.23 and a twelve month high of $196.40. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $177.15 and a two-hundred day simple moving average of $173.35. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 3.17 and a beta of 1.00.
Avery Dennison Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Avery Dennison’s dividend payout ratio is presently 42.78%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Argus set a $200.00 price target on shares of Avery Dennison in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and upped their target price for the company from $181.00 to $218.00 in a research report on Thursday, October 23rd. Citigroup lifted their price target on Avery Dennison from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and a consensus price target of $204.36.
View Our Latest Stock Analysis on AVY
Avery Dennison Company Profile
Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.
The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.
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