OxFORD Asset Management LLP lowered its position in shares of Avery Dennison Corporation (NYSE:AVY) by 37.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,086 shares of the industrial products company’s stock after selling 13,921 shares during the period. OxFORD Asset Management LLP’s holdings in Avery Dennison were worth $2,282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Avery Dennison by 23.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 63,073 shares of the industrial products company’s stock worth $5,574,000 after purchasing an additional 12,069 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Avery Dennison by 14.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,750 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 350 shares during the period. IFP Advisors Inc lifted its position in shares of Avery Dennison by 3.1% in the 2nd quarter. IFP Advisors Inc now owns 3,620 shares of the industrial products company’s stock worth $320,000 after purchasing an additional 108 shares during the period. Pictet Asset Management Ltd. lifted its position in shares of Avery Dennison by 0.5% in the 2nd quarter. Pictet Asset Management Ltd. now owns 100,969 shares of the industrial products company’s stock worth $8,508,000 after purchasing an additional 500 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Avery Dennison by 24.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 501,062 shares of the industrial products company’s stock worth $44,279,000 after purchasing an additional 98,593 shares during the period. 85.42% of the stock is owned by institutional investors and hedge funds.

Shares of Avery Dennison Corporation (NYSE:AVY) opened at $114.46 on Wednesday. The firm has a market cap of $10,122.42, a PE ratio of 24.62, a price-to-earnings-growth ratio of 3.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13. Avery Dennison Corporation has a 12 month low of $69.53 and a 12 month high of $115.56.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Avery Dennison had a net margin of 6.27% and a return on equity of 40.52%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. equities research analysts predict that Avery Dennison Corporation will post 4.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison’s payout ratio is presently 40.18%.

AVY has been the subject of several research reports. Robert W. Baird reiterated a “buy” rating and issued a $100.00 price target on shares of Avery Dennison in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Tuesday, November 7th. KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a research note on Friday, September 22nd. Barclays increased their price target on shares of Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Finally, J P Morgan Chase & Co lowered shares of Avery Dennison from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Avery Dennison has a consensus rating of “Buy” and an average target price of $110.83.

In other news, Chairman Dean A. Scarborough sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $104.54, for a total transaction of $1,045,400.00. Following the sale, the chairman now owns 94,042 shares of the company’s stock, valued at approximately $9,831,150.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Susan C. Miller sold 6,518 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $105.17, for a total transaction of $685,498.06. Following the sale, the vice president now directly owns 13,409 shares in the company, valued at approximately $1,410,224.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,604 shares of company stock worth $16,245,751. Insiders own 1.40% of the company’s stock.

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Avery Dennison Company Profile

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).

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

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