Corient Private Wealth LLC Has $46.13 Million Holdings in Avery Dennison Co. (NYSE:AVY)

Corient Private Wealth LLC decreased its position in Avery Dennison Co. (NYSE:AVY) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,500 shares of the industrial products company’s stock after selling 5,164 shares during the quarter. Corient Private Wealth LLC’s holdings in Avery Dennison were worth $46,128,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Gitterman Wealth Management LLC bought a new stake in Avery Dennison in the 4th quarter valued at $215,000. Centurion Wealth Management LLC boosted its position in shares of Avery Dennison by 8.3% in the fourth quarter. Centurion Wealth Management LLC now owns 1,561 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 120 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Avery Dennison by 0.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,558 shares of the industrial products company’s stock valued at $2,350,000 after acquiring an additional 106 shares in the last quarter. Ascent Capital Management LLC bought a new position in Avery Dennison during the fourth quarter worth about $286,000. Finally, Natixis Advisors LLC raised its stake in Avery Dennison by 10.8% in the 4th quarter. Natixis Advisors LLC now owns 269,341 shares of the industrial products company’s stock worth $50,402,000 after purchasing an additional 26,297 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 8,068 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AVY shares. UBS Group lowered their target price on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Citigroup dropped their price objective on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Raymond James reissued an “outperform” rating and set a $208.00 target price (down from $218.00) on shares of Avery Dennison in a report on Friday, January 31st. Bank of America dropped their price target on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Truist Financial reissued a “buy” rating and issued a $215.00 target price (down from $245.00) on shares of Avery Dennison in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.51.

Avery Dennison Stock Up 0.6 %

Shares of NYSE:AVY opened at $179.67 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. Avery Dennison Co. has a 52-week low of $174.91 and a 52-week high of $233.48. The company has a market capitalization of $14.19 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. The company has a fifty day moving average of $185.32 and a 200-day moving average of $199.11.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.38 EPS for the quarter, missing the consensus estimate 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, equities analysts predict that Avery Dennison Co. will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, March 5th. Avery Dennison’s payout ratio is 40.37%.

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.