Unigestion Holding SA Purchases 11,905 Shares of Avery Dennison Co. (NYSE:AVY)

Unigestion Holding SA lifted its position in Avery Dennison Co. (NYSE:AVY) by 39.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,260 shares of the industrial products company’s stock after purchasing an additional 11,905 shares during the quarter. Unigestion Holding SA owned about 0.05% of Avery Dennison worth $7,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVY. Greenleaf Trust raised its holdings in shares of Avery Dennison by 4.4% in the 4th quarter. Greenleaf Trust now owns 1,352 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 57 shares in the last quarter. AdvisorNet Financial Inc raised its stake in Avery Dennison by 18.8% in the fourth quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 58 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in Avery Dennison by 0.5% in the 4th quarter. HBK Sorce Advisory LLC now owns 11,862 shares of the industrial products company’s stock worth $2,220,000 after buying an additional 58 shares in the last quarter. RMR Wealth Builders increased its holdings in shares of Avery Dennison by 5.7% in the 4th quarter. RMR Wealth Builders now owns 1,097 shares of the industrial products company’s stock worth $205,000 after buying an additional 59 shares during the last quarter. Finally, New York Life Investment Management LLC increased its holdings in shares of Avery Dennison by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 10,981 shares of the industrial products company’s stock worth $2,055,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Down 3.4 %

AVY opened at $170.30 on Friday. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a one year low of $168.77 and a one year high of $233.48. The business has a 50 day simple moving average of $181.82 and a two-hundred day simple moving average of $195.09. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73.

Avery Dennison (NYSE:AVY) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.38 EPS 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%. Analysts predict that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Wednesday, March 5th. Avery Dennison’s payout ratio is 40.37%.

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 that occurred on Monday, March 3rd. The stock was sold at an average price of $186.19, for a total transaction of $1,502,180.92. Following the sale, the chairman now directly owns 316,300 shares of the company’s stock, valued at approximately $58,891,897. The trade was a 2.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. 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. BMO Capital Markets set a $226.00 price objective on Avery Dennison in a research report on Monday, February 3rd. Robert W. Baird set a $220.00 target price on Avery Dennison in a research note on Friday, January 31st. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $210.00 to $205.00 in a research note on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $215.00 price objective (down previously from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.51.

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.