Avery Dennison Co. (NYSE:AVY) Stock Holdings Trimmed by KBC Group NV


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KBC Group NV reduced its position in Avery Dennison Co. (NYSE:AVY) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,876 shares of the industrial products company’s stock after selling 3,116 shares during the quarter. KBC Group NV’s holdings in Avery Dennison were worth $7,140,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Taylor Frigon Capital Management LLC increased its holdings in Avery Dennison by 0.9% in the first quarter. Taylor Frigon Capital Management LLC now owns 5,802 shares of the industrial products company’s stock valued at $1,066,000 after buying an additional 52 shares during the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Avery Dennison by 2.3% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,915 shares of the industrial products company’s stock valued at $452,000 after purchasing an additional 65 shares during the last quarter. Knuff & Co LLC grew its holdings in shares of Avery Dennison by 35.7% during the fourth quarter. Knuff & Co LLC now owns 251 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 66 shares during the last quarter. BKD Wealth Advisors LLC grew its holdings in shares of Avery Dennison by 2.2% during the fourth quarter. BKD Wealth Advisors LLC now owns 3,195 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 68 shares during the last quarter. Finally, Heritage Wealth Advisors grew its holdings in shares of Avery Dennison by 6.9% during the fourth quarter. Heritage Wealth Advisors now owns 1,069 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 69 shares during the last quarter. 89.04% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE AVY opened at $213.71 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.31 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $192.59 and its two-hundred day moving average is $166.11. The company has a market cap of $17.74 billion, a P/E ratio of 34.14, a P/E/G ratio of 3.25 and a beta of 0.95. Avery Dennison Co. has a 12 month low of $98.84 and a 12 month high of $216.98.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.39. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Avery Dennison had a return on equity of 44.88% and a net margin of 7.80%. Avery Dennison’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 earnings per share. Sell-side analysts expect that Avery Dennison Co. will post 6.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 1st. This is a boost from Avery Dennison’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.27%. Avery Dennison’s payout ratio is currently 37.58%.

AVY has been the subject of several recent research reports. JPMorgan Chase & Co. raised Avery Dennison from an “underweight” rating to a “neutral” rating and upped their target price for the company from $155.00 to $215.00 in a report on Thursday, April 29th. Smith Barney Citigroup reiterated a “buy” rating on shares of Avery Dennison in a research report on Thursday, January 7th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on Avery Dennison from $219.00 to $243.00 and gave the stock a “buy” rating in a research report on Thursday, April 29th. Robert W. Baird boosted their price objective on Avery Dennison from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Finally, UBS Group downgraded Avery Dennison from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $202.00 to $227.00 in a research report on Thursday, April 29th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $217.08.

Avery Dennison Company Profile

Avery Dennison Corporation manufactures and markets pressure-sensitive materials in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

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