Avery Dennison Co. (NYSE:AVY) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its position in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,940 shares of the industrial products company's stock after selling 23,708 shares during the period. Asset Management One Co. Ltd. owned about 0.11% of Avery Dennison worth $19,894,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. National Pension Service increased its stake in shares of Avery Dennison by 3.0% during the third quarter. National Pension Service now owns 123,371 shares of the industrial products company's stock valued at $27,235,000 after buying an additional 3,590 shares during the period. Ground Swell Capital LLC purchased a new position in Avery Dennison in the third quarter valued at about $312,000. Robeco Institutional Asset Management B.V. lifted its position in Avery Dennison by 72.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 96,889 shares of the industrial products company's stock valued at $21,389,000 after acquiring an additional 40,824 shares during the last quarter. Fort L.P. acquired a new stake in shares of Avery Dennison in the 3rd quarter worth $205,000. Finally, Van ECK Associates Corp increased its holdings in shares of Avery Dennison by 11.0% during the third quarter. Van ECK Associates Corp now owns 13,219 shares of the industrial products company's stock valued at $2,745,000 after acquiring an additional 1,310 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Insider Buying and Selling at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 3,000 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $206.82, for a total value of $620,460.00. Following the completion of the sale, the chairman now owns 304,114 shares in the company, valued at $62,896,857.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Avery Dennison news, Chairman Mitchell R. Butier sold 3,000 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $206.82, for a total transaction of $620,460.00. Following the sale, the chairman now directly owns 304,114 shares in the company, valued at approximately $62,896,857.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mitchell R. Butier sold 10,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $211.91, for a total transaction of $2,119,100.00. Following the completion of the transaction, the chairman now owns 304,114 shares of the company's stock, valued at $64,444,797.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,108 shares of company stock valued at $9,181,457. 1.10% of the stock is owned by company insiders.

Avery Dennison Stock Performance

Shares of AVY stock traded down $1.79 during trading hours on Wednesday, hitting $204.96. The stock had a trading volume of 579,351 shares, compared to its average volume of 466,025. The stock's 50 day moving average is $215.45 and its 200 day moving average is $218.24. The firm has a market capitalization of $16.47 billion, a PE ratio of 24.82, a PEG ratio of 1.58 and a beta of 0.89. Avery Dennison Co. has a twelve month low of $176.75 and a twelve month high of $233.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.01. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The business's revenue was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that Avery Dennison Co. will post 9.41 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 1.72%. Avery Dennison's dividend payout ratio (DPR) is 42.26%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AVY shares. JPMorgan Chase & Co. lowered Avery Dennison from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $230.00 to $210.00 in a report on Thursday, October 24th. UBS Group cut shares of Avery Dennison from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $262.00 to $235.00 in a research report on Thursday, July 25th. Barclays dropped their price objective on shares of Avery Dennison from $250.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. Bank of America raised shares of Avery Dennison from an "underperform" rating to a "buy" rating and lifted their price target for the company from $207.00 to $250.00 in a research report on Thursday, October 17th. Finally, BMO Capital Markets lowered their price objective on shares of Avery Dennison from $252.00 to $247.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Avery Dennison has a consensus rating of "Moderate Buy" and a consensus target price of $244.96.

Avery Dennison 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.