Terra Alpha Investments LLC Invests $2.90 Million in Avery Dennison Co. (NYSE:AVY)

Terra Alpha Investments LLC acquired a new stake in shares of Avery Dennison Co. (NYSE:AVY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,492 shares of the industrial products company’s stock, valued at approximately $2,899,000. Avery Dennison comprises approximately 2.9% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 16th biggest position.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC raised its stake in shares of Avery Dennison by 100.0% during the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Avery Dennison in the 3rd quarter worth $39,000. Regents Gate Capital LLP bought a new stake in Avery Dennison in the fourth quarter worth $37,000. Brooklyn Investment Group purchased a new stake in Avery Dennison during the third quarter valued at about $66,000. Finally, Spire Wealth Management grew its stake in shares of Avery Dennison by 76.0% during the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock valued at $56,000 after buying an additional 130 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVY has been the subject of several analyst reports. UBS Group dropped their target price on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Citigroup dropped their price objective on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Bank of America lowered their price target on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. Barclays cut their price target on shares of Avery Dennison from $245.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird set a $220.00 price objective on shares of Avery Dennison in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.51.

Insider Activity at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the sale, the chairman now directly owns 303,331 shares of the company’s stock, valued at approximately $55,160,742.35. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Avery Dennison Stock Up 1.7 %

AVY stock opened at $178.91 on Monday. Avery Dennison Co. has a fifty-two week low of $174.91 and a fifty-two week high of $233.48. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. The business’s 50 day moving average price is $185.49 and its two-hundred day moving average price is $199.38. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 1.08.

Avery Dennison (NYSE:AVY) last issued its quarterly 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 return on equity of 33.06% and a net margin of 8.05%. As a group, analysts forecast that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 1.97%. 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.