Avery Dennison (NYSE:AVY) Price Target Lowered to $194.00 at Raymond James

Avery Dennison (NYSE:AVY) had its price target decreased by Raymond James from $208.00 to $194.00 in a research note released on Tuesday morning,Benzinga reports. Raymond James currently has an outperform rating on the industrial products company’s stock.

AVY has been the topic of a number of other research reports. Citigroup lowered their price objective on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Bank of America dropped their price target on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. UBS Group decreased their price objective on shares of Avery Dennison from $207.00 to $189.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Robert W. Baird set a $220.00 target price on shares of Avery Dennison in a research report on Friday, January 31st. Finally, Barclays lowered their price target on Avery Dennison from $245.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.47.

Avery Dennison Trading Up 3.7 %

NYSE:AVY opened at $175.21 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 1.08. The company has a market capitalization of $13.76 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.07 and a beta of 0.85. The stock’s 50 day moving average price is $177.15 and its 200 day moving average price is $190.52. Avery Dennison has a 52 week low of $157.00 and a 52 week high of $233.48.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results 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%. On average, research analysts forecast that Avery Dennison will post 9.96 EPS 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 paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Wednesday, March 5th. Avery Dennison’s dividend payout ratio is 40.37%.

Insider Activity

In related news, Chairman Mitchell R. Butier sold 8,068 shares of the business’s stock in a transaction on 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 sale, the chairman now owns 316,300 shares of the company’s stock, valued at $58,891,897. The trade was a 2.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Avery Dennison by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 9,681,709 shares of the industrial products company’s stock valued at $1,811,738,000 after purchasing an additional 33,149 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Avery Dennison by 3.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,225,309 shares of the industrial products company’s stock worth $790,683,000 after acquiring an additional 150,572 shares in the last quarter. Ameriprise Financial Inc. grew its position in Avery Dennison by 12.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company’s stock worth $409,014,000 after acquiring an additional 250,359 shares during the last quarter. Geode Capital Management LLC raised its position in Avery Dennison by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,102,331 shares of the industrial products company’s stock valued at $392,445,000 after purchasing an additional 13,815 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Avery Dennison by 4.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company’s stock worth $344,603,000 after purchasing an additional 71,435 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

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.