Peachtree Investment Partners LLC Decreases Holdings in Avery Dennison Co. (NYSE:AVY)

Peachtree Investment Partners LLC reduced its position in Avery Dennison Co. (NYSE:AVY – Get Rating) by 9.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,250 shares of the industrial products company’s stock after selling 228 shares during the period. Peachtree Investment Partners LLC’s holdings in Avery Dennison were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AVY. CX Institutional acquired a new position in Avery Dennison during the second quarter worth about $25,000. Clear Street Markets LLC lifted its stake in Avery Dennison by 402.9% in the 2nd quarter. Clear Street Markets LLC now owns 171 shares of the industrial products company’s stock valued at $28,000 after buying an additional 137 shares in the last quarter. Pinnacle Financial Partners Inc. acquired a new stake in Avery Dennison during the 3rd quarter valued at $33,000. Eagle Bay Advisors LLC acquired a new position in shares of Avery Dennison in the second quarter worth $33,000. Finally, Hanson & Doremus Investment Management lifted its position in shares of Avery Dennison by 494.3% in the third quarter. Hanson & Doremus Investment Management now owns 208 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 173 shares in the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Trading Down 1.2 %

Shares of AVY stock traded down $2.31 on Wednesday, reaching $187.13. 18,148 shares of the stock were exchanged, compared to its average volume of 423,040. The company has a quick ratio of 0.66, a current ratio of 1.01 and a debt-to-equity ratio of 1.23. The stock has a market cap of $15.15 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.66 and a beta of 0.98. The firm has a 50 day moving average of $186.55 and a two-hundred day moving average of $182.40. Avery Dennison Co. has a 1-year low of $151.62 and a 1-year high of $205.91.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AVY shares. BMO Capital Markets dropped their price objective on Avery Dennison from $241.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Robert W. Baird reduced their price objective on shares of Avery Dennison from $250.00 to $210.00 in a research note on Thursday, October 27th. StockNews.com cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Thursday, December 15th. UBS Group increased their price target on Avery Dennison from $183.00 to $194.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 11th. Finally, Bank of America upgraded Avery Dennison from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $205.00 in a research note on Thursday, December 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $208.20.

About Avery Dennison

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Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials under the Fasson, JAC, and Avery Dennison brands; graphics products under the Avery Dennison and Mactac brands; and reflective products under the Avery Dennison brand.