Commerzbank Aktiengesellschaft FI bought a new position in Avery Dennison Corp (NYSE:AVY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,617 shares of the industrial products company’s stock, valued at approximately $1,219,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. West Oak Capital LLC grew its holdings in shares of Avery Dennison by 114.3% in the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 800 shares during the last quarter. Conning Inc. acquired a new position in shares of Avery Dennison in the 3rd quarter worth $200,000. Davidson & Garrard Inc. acquired a new position in shares of Avery Dennison in the 3rd quarter worth $202,000. Univest Corp of Pennsylvania acquired a new position in shares of Avery Dennison in the 4th quarter worth $205,000. Finally, Bank of Stockton acquired a new position in shares of Avery Dennison in the 4th quarter worth $206,000. Institutional investors and hedge funds own 85.48% of the company’s stock.

AVY has been the topic of a number of recent research reports. Zacks Investment Research cut Avery Dennison from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. JPMorgan Chase & Co. cut Avery Dennison from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. Loop Capital lifted their target price on Avery Dennison from $99.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Robert W. Baird restated a “buy” rating and issued a $115.00 target price on shares of Avery Dennison in a report on Friday, October 27th. Finally, KeyCorp restated a “hold” rating on shares of Avery Dennison in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Avery Dennison presently has a consensus rating of “Buy” and a consensus target price of $120.75.

In related news, CAO Lori J. Bondar sold 10,855 shares of Avery Dennison stock in a transaction on Monday, November 20th. The stock was sold at an average price of $110.88, for a total transaction of $1,203,602.40. Following the completion of the sale, the chief accounting officer now owns 18,556 shares of the company’s stock, valued at $2,057,489.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Deon Stander sold 3,000 shares of Avery Dennison stock in a transaction on Monday, November 6th. The shares were sold at an average price of $107.23, for a total value of $321,690.00. Following the sale, the vice president now directly owns 9,426 shares of the company’s stock, valued at approximately $1,010,749.98. The disclosure for this sale can be found here. Insiders have sold 26,255 shares of company stock worth $2,877,388 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Avery Dennison Corp (NYSE AVY) opened at $117.63 on Friday. Avery Dennison Corp has a twelve month low of $78.17 and a twelve month high of $123.67. The company has a current ratio of 1.13, a quick ratio of 0.82 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $10,596.06, a price-to-earnings ratio of 24.02, a PEG ratio of 2.94 and a beta of 1.20.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.08. Avery Dennison had a return on equity of 42.26% and a net margin of 4.26%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. Avery Dennison’s revenue for the quarter was up 11.9% compared to the same quarter last year. analysts expect that Avery Dennison Corp will post 5.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.53%. Avery Dennison’s dividend payout ratio is 57.51%.

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About Avery Dennison

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

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

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