Avery Dennison Corporation (AVY) Position Boosted by Financial Counselors Inc.

Financial Counselors Inc. increased its position in Avery Dennison Corporation (NYSE:AVY) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 61,875 shares of the industrial products company’s stock after purchasing an additional 372 shares during the period. Financial Counselors Inc. owned about 0.07% of Avery Dennison Corporation worth $5,468,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. acquired a new position in Avery Dennison Corporation in the 1st quarter worth approximately $105,000. Van ECK Associates Corp boosted its stake in Avery Dennison Corporation by 7.7% in the 1st quarter. Van ECK Associates Corp now owns 1,322 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 94 shares during the period. Pacad Investment Ltd. acquired a new position in Avery Dennison Corporation in the 2nd quarter worth approximately $141,000. Bronfman E.L. Rothschild L.P. boosted its stake in Avery Dennison Corporation by 21.1% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,737 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 303 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in Avery Dennison Corporation in the 1st quarter worth approximately $171,000. 87.76% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on AVY. BidaskClub lowered shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Avery Dennison Corporation in a research note on Friday, September 1st. Zacks Investment Research raised shares of Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Monday, May 22nd. Aegis reaffirmed a “hold” rating on shares of Avery Dennison Corporation in a research note on Thursday, June 1st. Finally, Bank of America Corporation raised shares of Avery Dennison Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $96.00 in a research note on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.86.

Shares of Avery Dennison Corporation (NYSE:AVY) traded up 0.56% during midday trading on Friday, hitting $93.19. 315,606 shares of the company’s stock were exchanged. Avery Dennison Corporation has a 52 week low of $68.55 and a 52 week high of $96.70. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 21.89 and a beta of 1.18. The company has a 50-day moving average of $93.27 and a 200-day moving average of $86.17.

Avery Dennison Corporation (NYSE:AVY) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.10. Avery Dennison Corporation had a net margin of 6.14% and a return on equity of 39.29%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts expect that Avery Dennison Corporation will post $4.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, September 1st. Avery Dennison Corporation’s dividend payout ratio is 42.25%.

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In other news, Director David E. I. Pyott sold 2,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the sale, the director now owns 16,601 shares of the company’s stock, valued at $1,560,494. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David E. I. Pyott sold 298 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.00, for a total transaction of $28,012.00. Following the sale, the director now directly owns 16,601 shares of the company’s stock, valued at approximately $1,560,494. The disclosure for this sale can be found here. Insiders have sold 12,298 shares of company stock valued at $1,152,312 in the last three months. 1.40% of the stock is owned by insiders.

Avery Dennison Corporation 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 Corporation (NYSE:AVY)

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