Rothschild Investment LLC Has $82,000 Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Rothschild Investment LLC grew its holdings in Avery Dennison Co. (NYSE:AVY) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440 shares of the industrial products company’s stock after purchasing an additional 68 shares during the quarter. Rothschild Investment LLC’s holdings in Avery Dennison were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Avery Dennison by 100.0% in the 3rd 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 during the period. Kennebec Savings Bank acquired a new position in shares of Avery Dennison in the 3rd quarter valued at about $36,000. Regents Gate Capital LLP acquired a new position in shares of Avery Dennison in the 4th quarter valued at about $37,000. Peterson Financial Group Inc. acquired a new position in Avery Dennison during the 3rd quarter worth approximately $39,000. Finally, Spire Wealth Management raised its stake in Avery Dennison by 76.0% during the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock worth $56,000 after buying an additional 130 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVY has been the topic of a number of research reports. Bank of America dropped their price target on Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Barclays dropped their price target on Avery Dennison from $245.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets set a $226.00 price target on Avery Dennison in a research note on Monday, February 3rd. Citigroup dropped their price target on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Raymond James reaffirmed an “outperform” rating and set a $208.00 price target (down from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $222.51.

Avery Dennison Stock Performance

AVY stock opened at $185.64 on Thursday. The firm has a market cap of $14.92 billion, a PE ratio of 21.29, a P/E/G 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. The business has a 50 day moving average of $186.71 and a 200-day moving average of $202.13. Avery Dennison Co. has a 12-month low of $178.72 and a 12-month high of $233.48.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (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%. As a group, sell-side analysts expect that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 5th. Avery Dennison’s dividend payout ratio (DPR) 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.