Avery Dennison Co. (NYSE:AVY) Shares Purchased by West Oak Capital LLC

West Oak Capital LLC boosted its position in Avery Dennison Co. (NYSE:AVY) by 131.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,620 shares of the industrial products company’s stock after purchasing an additional 920 shares during the quarter. West Oak Capital LLC’s holdings in Avery Dennison were worth $303,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Avery Dennison by 100.0% in the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Kennebec Savings Bank acquired a new stake in Avery Dennison during the 3rd quarter worth about $36,000. Peterson Financial Group Inc. purchased a new position in Avery Dennison during the 3rd quarter valued at about $39,000. Ashton Thomas Private Wealth LLC purchased a new position in Avery Dennison during the second quarter valued at approximately $42,000. Finally, Raleigh Capital Management Inc. grew its position in Avery Dennison by 1,400.0% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 238 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Avery Dennison

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following the transaction, the senior vice president now directly owns 7,126 shares in the company, valued at approximately $1,467,956. This represents a 34.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Avery Dennison Stock Performance

NYSE:AVY traded down $2.88 during trading hours on Friday, hitting $184.83. 431,363 shares of the company traded hands, compared to its average volume of 613,744. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.52 and a beta of 0.89. Avery Dennison Co. has a twelve month low of $181.99 and a twelve month high of $233.48. The firm has a 50-day moving average of $197.05 and a 200 day moving average of $209.30. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.01. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. On average, analysts forecast that Avery Dennison Co. will post 9.42 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, December 4th. Avery Dennison’s payout ratio is 42.26%.

Wall Street Analysts Forecast Growth

AVY has been the topic of a number of research analyst reports. Bank of America lowered their price objective 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. JPMorgan Chase & Co. downgraded shares of Avery Dennison from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $230.00 to $210.00 in a research report on Thursday, October 24th. StockNews.com downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays decreased their target price on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Finally, Citigroup decreased their target price on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research report on Monday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.05.

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.