Vestmark Advisory Solutions Inc. Has $391,000 Holdings in Avery Dennison Co. (NYSE:AVY)

Vestmark Advisory Solutions Inc. lessened its holdings in Avery Dennison Co. (NYSE:AVY) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,088 shares of the industrial products company’s stock after selling 753 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Avery Dennison were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AVY. Van ECK Associates Corp raised its holdings in Avery Dennison by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 13,219 shares of the industrial products company’s stock worth $2,745,000 after acquiring an additional 1,310 shares during the period. QRG Capital Management Inc. raised its holdings in Avery Dennison by 1.8% in the 3rd quarter. QRG Capital Management Inc. now owns 5,243 shares of the industrial products company’s stock worth $1,157,000 after acquiring an additional 92 shares during the period. Concurrent Investment Advisors LLC raised its holdings in Avery Dennison by 12.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,506 shares of the industrial products company’s stock worth $1,216,000 after acquiring an additional 591 shares during the period. Principal Financial Group Inc. raised its holdings in Avery Dennison by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 617,611 shares of the industrial products company’s stock worth $136,338,000 after acquiring an additional 4,670 shares during the period. Finally, Atria Investments Inc raised its holdings in Avery Dennison by 12.2% in the 3rd quarter. Atria Investments Inc now owns 14,058 shares of the industrial products company’s stock worth $3,103,000 after acquiring an additional 1,530 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AVY shares. Raymond James reiterated an “outperform” rating and issued a $208.00 target price (down previously from $218.00) on shares of Avery Dennison in a report on Friday, January 31st. UBS Group dropped their price objective 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. Bank of America dropped their price objective on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $210.00 to $205.00 in a report on Friday, January 31st. Finally, Robert W. Baird set a $220.00 price objective on shares of Avery Dennison in a report 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.51.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 12,969 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $181.85, for a total value of $2,358,412.65. Following the transaction, the chairman now directly owns 303,331 shares in the company, valued at $55,160,742.35. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Avery Dennison Price Performance

Shares of Avery Dennison stock opened at $183.94 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 1.08. The firm’s 50-day simple moving average is $186.11 and its 200-day simple moving average is $200.82. Avery Dennison Co. has a twelve month low of $178.72 and a twelve month high of $233.48. The firm has a market cap of $14.53 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85.

Avery Dennison (NYSE:AVY) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share 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, research analysts expect that Avery Dennison Co. will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.88 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a yield of 1.91%. Avery Dennison’s dividend payout ratio (DPR) is presently 40.37%.

About Avery Dennison

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.