Dupont Capital Management Corp raised its stake in shares of Avery Dennison Corp (NYSE:AVY) by 138.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,446 shares of the industrial products company’s stock after acquiring an additional 24,072 shares during the period. Dupont Capital Management Corp’s holdings in Avery Dennison were worth $4,491,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AVY. Zions Bancorporation bought a new stake in shares of Avery Dennison during the 3rd quarter worth $108,000. Squar Milner Financial Services LLC bought a new stake in shares of Avery Dennison during the 2nd quarter worth $112,000. Steward Partners Investment Advisory LLC raised its stake in shares of Avery Dennison by 270.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 841 shares during the period. Fort L.P. bought a new stake in shares of Avery Dennison during the 2nd quarter worth $120,000. Finally, Nichols & Pratt Advisers LLP MA bought a new stake in shares of Avery Dennison during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 83.76% of the company’s stock.

In related news, Director Anthony Anderson sold 1,275 shares of Avery Dennison stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $104.75, for a total value of $133,556.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

A number of equities research analysts have recently commented on the company. Loop Capital lifted their target price on Avery Dennison to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Citigroup lifted their target price on Avery Dennison from $126.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Barclays lifted their target price on Avery Dennison from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, July 30th. Bank of America lifted their target price on Avery Dennison from $114.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research cut Avery Dennison from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $120.25.

Shares of AVY opened at $92.00 on Friday. Avery Dennison Corp has a fifty-two week low of $86.06 and a fifty-two week high of $123.67. The stock has a market capitalization of $8.12 billion, a P/E ratio of 15.92, a PEG ratio of 2.21 and a beta of 1.37. The company has a quick ratio of 0.71, a current ratio of 1.00 and a debt-to-equity ratio of 1.24.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.02). Avery Dennison had a return on equity of 49.86% and a net margin of 4.36%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the business posted $1.26 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Avery Dennison Corp will post 6.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.26%. The ex-dividend date is Tuesday, December 4th. Avery Dennison’s dividend payout ratio (DPR) is currently 41.60%.

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Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. 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. It also offers durable cast and reflective films.

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

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