Compass Ion Advisors LLC Lowers Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Compass Ion Advisors LLC lessened its stake in shares of Avery Dennison Co. (NYSE:AVY) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,430 shares of the industrial products company’s stock after selling 104 shares during the quarter. Compass Ion Advisors LLC’s holdings in Avery Dennison were worth $268,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AVY. Larson Financial Group LLC boosted its holdings in Avery Dennison by 100.0% in the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Regents Gate Capital LLP purchased a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $37,000. Spire Wealth Management boosted its stake in shares of Avery Dennison by 76.0% in 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 in the last quarter. Brooklyn Investment Group acquired a new position in Avery Dennison during the third quarter worth $66,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Avery Dennison in the fourth quarter valued at $68,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of Avery Dennison stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $186.19, for a total value of $1,502,180.92. Following the completion of the sale, the chairman now owns 316,300 shares in the company, valued at $58,891,897. The trade was a 2.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AVY. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $210.00 to $205.00 in a research note on Friday, January 31st. Bank of America dropped their target price 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 decreased their price target on Avery Dennison from $245.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird set a $220.00 price objective on Avery Dennison in a research note on Friday, January 31st. Finally, BMO Capital Markets set a $226.00 target price on Avery Dennison in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $222.51.

Avery Dennison Trading Down 0.5 %

Shares of AVY stock opened at $179.05 on Thursday. Avery Dennison Co. has a twelve month low of $174.91 and a twelve month high of $233.48. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.07 and a beta of 0.85. The firm has a 50-day moving average price of $185.02 and a 200 day moving average price of $198.67. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. Research analysts forecast that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given 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 of this dividend was Wednesday, March 5th. Avery Dennison’s dividend payout ratio is currently 40.37%.

About Avery Dennison

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.