Steward Partners Investment Advisory LLC Sells 345 Shares of Avery Dennison Co. (NYSE:AVY)

Steward Partners Investment Advisory LLC decreased its position in shares of Avery Dennison Co. (NYSE:AVYGet Rating) by 30.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 798 shares of the industrial products company’s stock after selling 345 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Avery Dennison were worth $139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AVY. Wetherby Asset Management Inc. boosted its stake in Avery Dennison by 2.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 2,638 shares of the industrial products company’s stock worth $571,000 after purchasing an additional 56 shares during the period. Mutual of America Capital Management LLC boosted its stake in Avery Dennison by 0.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 10,932 shares of the industrial products company’s stock worth $2,368,000 after purchasing an additional 58 shares during the period. Grace Capital boosted its stake in Avery Dennison by 6.2% in the 4th quarter. Grace Capital now owns 1,023 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 60 shares during the period. Resources Management Corp CT ADV boosted its stake in Avery Dennison by 0.9% in the 4th quarter. Resources Management Corp CT ADV now owns 7,439 shares of the industrial products company’s stock worth $1,611,000 after purchasing an additional 63 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Avery Dennison by 2.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,806 shares of the industrial products company’s stock valued at $488,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 88.83% of the company’s stock.

Analyst Ratings Changes

AVY has been the topic of several recent analyst reports. UBS Group lowered their price target on Avery Dennison from $195.00 to $180.00 in a report on Wednesday, July 13th. BMO Capital Markets reissued a “maintains” rating on shares of Avery Dennison in a report on Thursday, July 28th. Raymond James reissued a “maintains” rating on shares of Avery Dennison in a report on Thursday, July 28th. Credit Suisse Group decreased their price objective on Avery Dennison from $195.00 to $188.00 in a report on Wednesday, April 20th. Finally, JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $215.00 to $195.00 in a report on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.00.

Avery Dennison Stock Down 0.0 %

AVY stock opened at $190.43 on Tuesday. Avery Dennison Co. has a 1-year low of $151.62 and a 1-year high of $229.24. The business has a fifty day moving average price of $168.79 and a 200-day moving average price of $174.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.98 and a quick ratio of 0.65. The stock has a market capitalization of $15.56 billion, a P/E ratio of 20.81, a P/E/G ratio of 2.74 and a beta of 0.97.

Avery Dennison (NYSE:AVYGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.27. Avery Dennison had a return on equity of 40.75% and a net margin of 8.48%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the business earned $2.25 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. Equities analysts forecast that Avery Dennison Co. will post 9.93 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, September 6th. Avery Dennison’s dividend payout ratio (DPR) is presently 32.79%.

About Avery Dennison

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Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

Further Reading

Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

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