Park Place Capital Corp Sells 444 Shares of Avery Dennison Co. (NYSE:AVY)

Park Place Capital Corp trimmed its stake in Avery Dennison Co. (NYSE:AVY) by 48.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 476 shares of the industrial products company’s stock after selling 444 shares during the period. Park Place Capital Corp’s holdings in Avery Dennison were worth $96,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. New York Life Investment Management LLC lifted its holdings in shares of Avery Dennison by 0.5% during the 3rd quarter. New York Life Investment Management LLC now owns 11,454 shares of the industrial products company’s stock worth $2,092,000 after acquiring an additional 58 shares during the last quarter. Signaturefd LLC raised its position in Avery Dennison by 25.5% in the 3rd quarter. Signaturefd LLC now owns 300 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 61 shares during the period. Advisor Partners II LLC increased its position in shares of Avery Dennison by 1.9% in the third quarter. Advisor Partners II LLC now owns 3,342 shares of the industrial products company’s stock valued at $610,000 after acquiring an additional 63 shares during the period. Yousif Capital Management LLC increased its position in shares of Avery Dennison by 0.5% in the first quarter. Yousif Capital Management LLC now owns 12,732 shares of the industrial products company’s stock valued at $2,215,000 after acquiring an additional 65 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Avery Dennison by 56.3% in the second quarter. IFP Advisors Inc now owns 200 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 72 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Insider Transactions at Avery Dennison

In other news, Director Julia A. Stewart sold 5,311 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the transaction, the director now directly owns 5,018 shares of the company’s stock, valued at $1,014,940.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Julia A. Stewart sold 5,311 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the transaction, the director now directly owns 5,018 shares of the company’s stock, valued at $1,014,940.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ignacio J. Walker sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $213.90, for a total transaction of $1,069,500.00. Following the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at $1,305,217.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,879 shares of company stock worth $4,217,705. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

AVY has been the topic of a number of analyst reports. Bank of America cut shares of Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 price objective on the stock. in a research report on Tuesday, January 2nd. Truist Financial restated a “buy” rating and issued a $249.00 price objective on shares of Avery Dennison in a research report on Friday, January 19th. Citigroup boosted their price target on shares of Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Avery Dennison from $185.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $221.00.

Avery Dennison Trading Up 0.4 %

NYSE:AVY opened at $218.11 on Friday. Avery Dennison Co. has a one year low of $158.93 and a one year high of $225.26. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.04 and a quick ratio of 0.69. The company’s 50-day simple moving average is $212.42 and its 200 day simple moving average is $197.24. The firm has a market capitalization of $17.56 billion, a P/E ratio of 35.12, a PEG ratio of 3.34 and a beta of 0.90.

Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Avery Dennison had a net margin of 6.01% and a return on equity of 30.97%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 earnings per share. As a group, analysts forecast that Avery Dennison Co. will post 9.28 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.81 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $3.24 annualized dividend and a dividend yield of 1.49%. Avery Dennison’s dividend payout ratio is presently 52.17%.

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.