Atria Investments Inc Has $2.22 Million Position in Avery Dennison Co. (NYSE:AVY)

Atria Investments Inc trimmed its position in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,844 shares of the industrial products company's stock after selling 2,214 shares during the period. Atria Investments Inc's holdings in Avery Dennison were worth $2,216,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC grew its stake in Avery Dennison by 100.0% during the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company's stock worth $31,000 after buying an additional 71 shares during the period. Kennebec Savings Bank purchased a new stake in Avery Dennison during the 3rd quarter worth $36,000. Regents Gate Capital LLP acquired a new stake in Avery Dennison in the 4th quarter valued at $37,000. Peterson Financial Group Inc. purchased a new position in Avery Dennison in the third quarter valued at about $39,000. Finally, Spire Wealth Management boosted its position in shares of Avery Dennison by 76.0% in the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock worth $56,000 after buying an additional 130 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

NYSE:AVY traded down $1.32 during midday trading on Thursday, hitting $175.74. 552,802 shares of the stock were exchanged, compared to its average volume of 506,546. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.07 and a beta of 0.85. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10. Avery Dennison Co. has a one year low of $174.93 and a one year high of $233.48. The business has a 50-day moving average price of $185.77 and a two-hundred day moving average price of $200.08.

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Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 EPS for the quarter, missing analysts' consensus estimates of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. Sell-side analysts predict that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 2.00%. Avery Dennison's dividend payout ratio is currently 40.37%.

Analysts Set New Price Targets

Several brokerages recently commented on AVY. BMO Capital Markets set a $226.00 target price on Avery Dennison in a report on Monday, February 3rd. Raymond James restated an "outperform" rating and issued a $208.00 target price (down from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. Robert W. Baird set a $220.00 price target on shares of Avery Dennison in a research note on Friday, January 31st. UBS Group decreased their price objective on shares of Avery Dennison from $235.00 to $207.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Finally, Citigroup dropped their target price on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $222.51.

Insider Buying and Selling

In other Avery Dennison news, Chairman Mitchell R. Butier sold 12,969 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the transaction, the chairman now owns 303,331 shares of the company's stock, valued at approximately $55,160,742.35. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

About Avery Dennison

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.