National Pension Service Sells 3,132 Shares of Avery Dennison Co. (NYSE:AVY)

National Pension Service trimmed its position in shares of Avery Dennison Co. (NYSE:AVY) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,239 shares of the industrial products company’s stock after selling 3,132 shares during the period. National Pension Service owned 0.15% of Avery Dennison worth $22,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in shares of Avery Dennison by 52.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 46,150 shares of the industrial products company’s stock worth $8,636,000 after acquiring an additional 15,834 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Avery Dennison by 21.4% during the fourth quarter. Bank of New York Mellon Corp now owns 764,591 shares of the industrial products company’s stock worth $143,078,000 after acquiring an additional 134,560 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Avery Dennison by 18.3% during the fourth quarter. Rothschild Investment LLC now owns 440 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 68 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Avery Dennison during the fourth quarter worth $1,652,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Avery Dennison during the fourth quarter worth $68,000. 94.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AVY has been the topic of several recent research reports. BMO Capital Markets set a $226.00 target price on Avery Dennison in a research report on Monday, February 3rd. Bank of America dropped their target price on Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Robert W. Baird set a $220.00 target price on Avery Dennison in a research report on Friday, January 31st. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $210.00 to $205.00 in a research report on Friday, January 31st. Finally, Citigroup lowered their price objective on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $222.51.

Avery Dennison Trading Up 1.4 %

NYSE AVY opened at $188.07 on Friday. The stock’s 50-day simple moving average is $186.69 and its two-hundred day simple moving average is $201.83. Avery Dennison Co. has a twelve month low of $178.72 and a twelve month high of $233.48. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.07 and a beta of 0.89. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (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%. Research analysts forecast that Avery Dennison Co. will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.87%. Avery Dennison’s dividend payout ratio (DPR) is currently 40.37%.

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.