Ascent Capital Management LLC Invests $286,000 in Avery Dennison Co. (NYSE:AVY)

Ascent Capital Management LLC acquired a new position in Avery Dennison Co. (NYSE:AVY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,530 shares of the industrial products company's stock, valued at approximately $286,000.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in Avery Dennison by 100.0% in the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company's stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Regents Gate Capital LLP acquired a new stake in shares of Avery Dennison in the 4th quarter valued at $37,000. Peterson Financial Group Inc. bought a new stake in shares of Avery Dennison during the third quarter worth $39,000. Spire Wealth Management lifted its stake in shares of Avery Dennison by 76.0% during the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 130 shares during the period. Finally, Brooklyn Investment Group bought a new position in Avery Dennison in the third quarter valued at about $66,000. Institutional investors own 94.17% of the company's stock.

Avery Dennison Trading Down 1.3 %

Avery Dennison stock traded down $2.34 during mid-day trading on Thursday, hitting $176.77. 740,439 shares of the company's stock were exchanged, compared to its average volume of 507,885. Avery Dennison Co. has a fifty-two week low of $174.91 and a fifty-two week high of $233.48. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $13.96 billion, a P/E ratio of 20.27, a PEG ratio of 2.07 and a beta of 0.85. The company's 50 day simple moving average is $185.02 and its 200-day simple moving average is $198.67.

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Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. On average, equities analysts anticipate that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Wednesday, March 5th. Avery Dennison's dividend payout ratio is 40.37%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays dropped their price objective on Avery Dennison from $245.00 to $225.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Citigroup dropped their price target on shares of Avery Dennison from $228.00 to $202.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. BMO Capital Markets set a $226.00 price objective on shares of Avery Dennison in a research note on Monday, February 3rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $210.00 to $205.00 in a research report on Friday, January 31st. Finally, Robert W. Baird set a $220.00 price target on Avery Dennison in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and a consensus target price of $222.51.

Insider Buying and Selling

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $186.19, for a total transaction of $1,502,180.92. Following the completion of the transaction, the chairman now owns 316,300 shares in the company, valued at approximately $58,891,897. This represents a 2.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.