Avery Dennison Co. (NYSE:AVY) Stock Holdings Lowered by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 4.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 60,272 shares of the industrial products company’s stock after selling 2,907 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Avery Dennison were worth $11,279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AVY. Larson Financial Group LLC boosted its stake in shares of Avery Dennison by 100.0% during the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Regents Gate Capital LLP purchased a new stake in shares of Avery Dennison during the fourth quarter valued at $37,000. Spire Wealth Management boosted its position in shares of Avery Dennison by 76.0% in the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 130 shares during the period. Brooklyn Investment Group purchased a new position in Avery Dennison in the 3rd quarter worth about $66,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Avery Dennison during the 4th quarter worth about $68,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Trading Down 0.9 %

Shares of NYSE AVY opened at $175.38 on Wednesday. The business has a 50 day simple moving average of $184.10 and a 200 day simple moving average of $197.31. Avery Dennison Co. has a 52 week low of $173.02 and a 52 week high of $233.48. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.07 and a beta of 0.85. 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 (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 return on equity of 33.06% and a net margin of 8.05%. On average, research analysts predict that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.88 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.01%. Avery Dennison’s dividend payout ratio is currently 40.37%.

Insider Transactions at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 12,969 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the completion of the sale, the chairman now directly owns 303,331 shares in the company, valued at approximately $55,160,742.35. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AVY shares. BMO Capital Markets set a $226.00 target price on shares of Avery Dennison in a research report on Monday, February 3rd. Barclays lowered their price objective on shares of Avery Dennison from $245.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird set a $220.00 target price on Avery Dennison in a report on Friday, January 31st. Bank of America lowered their price target on Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $210.00 to $205.00 in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus target price of $222.51.

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.