Cognios Capital LLC purchased a new position in shares of Avery Dennison Corp (NYSE:AVY) during the 4th quarter, Holdings Channel reports. The firm purchased 3,910 shares of the industrial products company’s stock, valued at approximately $449,000.

Several other large investors have also recently added to or reduced their stakes in AVY. Thrivent Financial For Lutherans lifted its stake in shares of Avery Dennison by 0.9% in the second quarter. Thrivent Financial For Lutherans now owns 4,640 shares of the industrial products company’s stock worth $413,000 after acquiring an additional 40 shares during the period. FMR LLC lifted its stake in shares of Avery Dennison by 47.4% in the second quarter. FMR LLC now owns 428,222 shares of the industrial products company’s stock worth $37,842,000 after acquiring an additional 137,788 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Avery Dennison by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 597,274 shares of the industrial products company’s stock worth $52,781,000 after acquiring an additional 6,544 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Avery Dennison by 8.3% in the second quarter. Janus Henderson Group PLC now owns 231,853 shares of the industrial products company’s stock worth $20,489,000 after acquiring an additional 17,778 shares during the period. Finally, State Street Corp lifted its stake in shares of Avery Dennison by 5.0% in the second quarter. State Street Corp now owns 4,776,961 shares of the industrial products company’s stock worth $422,140,000 after acquiring an additional 229,297 shares during the period. Institutional investors own 85.88% of the company’s stock.

Avery Dennison Corp (AVY) opened at $111.46 on Friday. Avery Dennison Corp has a 12 month low of $78.47 and a 12 month high of $123.67. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $9,812.49, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.71 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.08. Avery Dennison had a return on equity of 42.26% and a net margin of 4.26%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. equities research analysts anticipate that Avery Dennison Corp will post 5.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 6th. Avery Dennison’s dividend payout ratio (DPR) is presently 57.51%.

In other Avery Dennison news, CAO Lori J. Bondar sold 10,855 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $110.88, for a total value of $1,203,602.40. Following the transaction, the chief accounting officer now directly owns 18,556 shares of the company’s stock, valued at $2,057,489.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Julia A. Stewart sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $108.42, for a total value of $433,680.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,855 shares of company stock worth $1,866,802. Insiders own 1.40% of the company’s stock.

A number of research firms recently commented on AVY. UBS Group began coverage on Avery Dennison in a research note on Thursday, January 18th. They issued a “buy” rating and a $135.00 price objective on the stock. Zacks Investment Research lowered Avery Dennison from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Barclays lifted their price objective on Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Avery Dennison in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. lowered Avery Dennison from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Avery Dennison presently has an average rating of “Buy” and a consensus target price of $120.25.

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Avery Dennison 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).

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

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