1,006 Shares in Avery Dennison Co. (NYSE:AVY) Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. bought a new stake in shares of Avery Dennison Co. (NYSE:AVY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,006 shares of the industrial products company’s stock, valued at approximately $188,000.

A number of other hedge funds also recently made changes to their positions in the business. Ferguson Wellman Capital Management Inc. increased its holdings in Avery Dennison by 135.6% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 146,830 shares of the industrial products company’s stock worth $27,476,000 after buying an additional 84,501 shares during the last quarter. Savant Capital LLC increased its stake in shares of Avery Dennison by 2.4% during the 4th quarter. Savant Capital LLC now owns 3,636 shares of the industrial products company’s stock worth $680,000 after purchasing an additional 86 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Avery Dennison in the 4th quarter worth approximately $2,379,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Avery Dennison by 4.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 184,244 shares of the industrial products company’s stock valued at $34,478,000 after purchasing an additional 7,237 shares during the period. Finally, Choreo LLC increased its position in Avery Dennison by 50.2% in the fourth quarter. Choreo LLC now owns 12,195 shares of the industrial products company’s stock worth $2,283,000 after buying an additional 4,077 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Nicholas Colisto sold 3,679 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following the transaction, the senior vice president now owns 7,126 shares of the company’s stock, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AVY. UBS Group dropped their price target on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Citigroup cut their target price on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. StockNews.com lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays cut their price objective on shares of Avery Dennison from $245.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, BMO Capital Markets lowered their target price on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus target price of $227.15.

Avery Dennison Stock Performance

NYSE:AVY opened at $179.10 on Monday. Avery Dennison Co. has a twelve month low of $178.72 and a twelve month high of $233.48. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10. The stock has a market cap of $14.39 billion, a P/E ratio of 20.54, a PEG ratio of 2.04 and a beta of 0.89. The business’s 50-day moving average price is $190.86 and its two-hundred day moving average price is $204.59.

Avery Dennison (NYSE:AVY) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. As a group, equities analysts predict that Avery Dennison Co. will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 5th. Avery Dennison’s payout ratio is currently 40.37%.

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.