Mn Services Vermogensbeheer B.V. Sells 1,400 Shares of Avery Dennison Co. (NYSE:AVY)

Mn Services Vermogensbeheer B.V. cut its stake in shares of Avery Dennison Co. (NYSE:AVY) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,200 shares of the industrial products company’s stock after selling 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Avery Dennison were worth $7,520,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AVY. Clear Street Markets LLC lifted its stake in Avery Dennison by 92.7% in the first quarter. Clear Street Markets LLC now owns 158 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Avery Dennison in the third quarter valued at approximately $32,000. Eagle Bay Advisors LLC bought a new position in shares of Avery Dennison during the 2nd quarter worth approximately $33,000. IFP Advisors Inc raised its stake in Avery Dennison by 56.3% in the 2nd 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. Finally, Milestone Investment Advisors LLC acquired a new stake in Avery Dennison during the 1st quarter valued at $35,000. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Trading Up 0.0 %

NYSE:AVY opened at $211.28 on Tuesday. Avery Dennison Co. has a 52 week low of $158.93 and a 52 week high of $225.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.69 and a current ratio of 1.04. The firm’s fifty day moving average is $214.34 and its 200-day moving average is $198.72. The firm has a market cap of $17.01 billion, a P/E ratio of 34.02, a P/E/G ratio of 3.25 and a beta of 0.90.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.16. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Avery Dennison had a return on equity of 30.97% and a net margin of 6.01%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. Equities analysts expect that Avery Dennison Co. will post 9.28 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, March 5th. Avery Dennison’s dividend payout ratio is presently 52.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AVY. Bank of America lowered 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. JPMorgan Chase & Co. upped their target price on Avery Dennison from $185.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. UBS Group lifted their price target on Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Citigroup upped their price objective on Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, Truist Financial reissued a “buy” rating and set a $249.00 target price on shares of Avery Dennison in a report on Friday, January 19th. One 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $221.00.

Insiders Place Their Bets

In other news, insider Ryan D. Yost sold 1,400 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $213.29, for a total transaction of $298,606.00. Following the transaction, the insider now owns 2,843 shares in the company, valued at $606,383.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Mitchell R. Butier sold 8,168 shares of Avery Dennison stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $217.36, for a total transaction of $1,775,396.48. Following the completion of the transaction, the chairman now directly owns 321,487 shares in the company, valued at $69,878,414.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Yost sold 1,400 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the sale, the insider now owns 2,843 shares in the company, valued at approximately $606,383.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,879 shares of company stock worth $4,217,705. 1.10% of the stock is currently owned by company insiders.

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.