JB Capital LLC Purchases 1,546 Shares of Avery Dennison Co. (NYSE:AVY)

JB Capital LLC boosted its position in Avery Dennison Co. (NYSE:AVY) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,191 shares of the industrial products company’s stock after buying an additional 1,546 shares during the period. JB Capital LLC’s holdings in Avery Dennison were worth $3,353,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Avery Dennison during the 2nd quarter valued at about $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Avery Dennison during the 2nd quarter worth approximately $42,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $51,000. Raleigh Capital Management Inc. increased its stake in shares of Avery Dennison by 1,400.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 238 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Avery Dennison by 936.7% during the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 281 shares during the period. Institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Mitchell R. Butier sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $206.80, for a total value of $620,400.00. Following the completion of the transaction, the chairman now directly owns 304,114 shares of the company’s stock, valued at approximately $62,890,775.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Avery Dennison news, Chairman Mitchell R. Butier sold 3,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $206.80, for a total transaction of $620,400.00. Following the sale, the chairman now owns 304,114 shares of the company’s stock, valued at $62,890,775.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mitchell R. Butier sold 10,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $211.91, for a total value of $2,119,100.00. Following the completion of the transaction, the chairman now directly owns 304,114 shares of the company’s stock, valued at $64,444,797.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,108 shares of company stock worth $9,181,457 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AVY has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of Avery Dennison from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $230.00 to $210.00 in a report on Thursday, October 24th. StockNews.com lowered Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets cut their price target on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Citigroup decreased their price objective on Avery Dennison from $241.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, Barclays cut their target price on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.96.

Avery Dennison Stock Up 1.5 %

Shares of AVY stock traded up $3.13 on Thursday, hitting $207.25. The stock had a trading volume of 24,454 shares, compared to its average volume of 466,438. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. Avery Dennison Co. has a 12-month low of $176.75 and a 12-month high of $233.48. The business has a 50 day moving average of $215.16 and a 200 day moving average of $218.14.

Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.01. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.20 billion. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $2.10 EPS. As a group, analysts expect that Avery Dennison Co. will post 9.41 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.70%. The ex-dividend date is Wednesday, December 4th. Avery Dennison’s dividend payout ratio (DPR) is presently 42.26%.

Avery Dennison Company 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.