Avery Dennison Co. (NYSE:AVY) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lessened its position in shares of Avery Dennison Co. (NYSE:AVY) by 47.3% in the 4th quarter, HoldingsChannel reports. The fund owned 226 shares of the industrial products company’s stock after selling 203 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Avery Dennison were worth $42,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Empirical Finance LLC lifted its position in shares of Avery Dennison by 2.0% during the third quarter. Empirical Finance LLC now owns 2,822 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 55 shares in the last quarter. Procyon Advisors LLC increased its stake in Avery Dennison by 4.0% during the third quarter. Procyon Advisors LLC now owns 1,442 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 56 shares during the last quarter. Greenleaf Trust raised its stake in Avery Dennison by 4.4% during the fourth quarter. Greenleaf Trust now owns 1,352 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 57 shares during the period. AdvisorNet Financial Inc raised its position in shares of Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 58 shares during the period. Finally, Lindenwold Advisors INC lifted its stake in Avery Dennison by 0.6% in the third quarter. Lindenwold Advisors INC now owns 10,266 shares of the industrial products company’s stock valued at $2,266,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Down 1.3 %

Shares of NYSE AVY opened at $183.40 on Tuesday. Avery Dennison Co. has a 12-month low of $179.20 and a 12-month high of $233.48. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.37 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. The firm’s 50-day simple moving average is $193.21 and its 200 day simple moving average is $205.88.

Avery Dennison (NYSE:AVY) last released 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, research analysts expect that Avery Dennison Co. will post 10.03 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, March 5th. Avery Dennison’s dividend payout ratio is 40.37%.

Analyst Ratings Changes

AVY has been the subject of several analyst reports. Raymond James reiterated an “outperform” rating and set a $208.00 price objective (down from $218.00) on shares of Avery Dennison in a research report on Friday. Citigroup cut 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 note on Monday, January 6th. BMO Capital Markets dropped their price target on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Bank of America reduced their target price on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $210.00 to $205.00 in a research report on Friday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average target price of $227.15.

Insiders Place Their Bets

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $206.00, for a total transaction of $757,874.00. Following the transaction, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

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.