Greenleaf Trust Has $260,000 Stake in Avery Dennison Co. (NYSE:AVY)

Greenleaf Trust grew its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,287 shares of the industrial products company’s stock after acquiring an additional 80 shares during the period. Greenleaf Trust’s holdings in Avery Dennison were worth $260,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Avery Dennison in the third quarter worth approximately $32,000. Milestone Investment Advisors LLC bought a new stake in shares of Avery Dennison in the 3rd quarter valued at $36,000. Anchor Investment Management LLC acquired a new position in shares of Avery Dennison during the 4th quarter valued at $42,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Avery Dennison by 164.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 166 shares during the period. Finally, Adirondack Trust Co. bought a new position in Avery Dennison during the third quarter worth $55,000. 94.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ryan D. Yost sold 1,400 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $213.29, for a total transaction of $298,606.00. Following the transaction, the insider now owns 2,843 shares of the company’s stock, valued at approximately $606,383.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Ryan D. Yost sold 1,400 shares of Avery Dennison stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $213.29, for a total value of $298,606.00. Following the completion of the transaction, the insider now owns 2,843 shares in the company, valued at $606,383.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mitchell R. Butier sold 8,168 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $217.36, for a total transaction of $1,775,396.48. Following the sale, the chairman now owns 321,487 shares in the company, valued at $69,878,414.32. The disclosure for this sale can be found here. Insiders sold 19,879 shares of company stock valued at $4,217,705 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Avery Dennison Trading Up 0.5 %

NYSE AVY opened at $212.42 on Thursday. The business’s fifty day moving average is $215.34 and its 200-day moving average is $200.01. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.04 and a quick ratio of 0.69. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 3.27 and a beta of 0.90. Avery Dennison Co. has a one year low of $158.93 and a one year high of $225.26.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.16 EPS for the quarter, hitting the consensus estimate of $2.16. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Avery Dennison had a net margin of 6.01% and a return on equity of 30.97%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Equities research analysts predict that Avery Dennison Co. will post 9.26 EPS for the current year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 1.53%. The ex-dividend date was Tuesday, March 5th. Avery Dennison’s dividend payout ratio (DPR) is 52.17%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AVY. StockNews.com upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a report on Monday. Citigroup raised their price objective on Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Raymond James upped their price target on Avery Dennison from $199.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Bank of America cut Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Avery Dennison from $185.00 to $218.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $221.00.

Avery Dennison Profile

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.