Avery Dennison Co. (NYSE:AVY) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,609 shares of the industrial products company's stock after acquiring an additional 2,720 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Avery Dennison worth $18,640,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in shares of Avery Dennison by 25.1% during the 2nd quarter. AQR Capital Management LLC now owns 14,058 shares of the industrial products company's stock valued at $3,074,000 after acquiring an additional 2,819 shares during the period. Millennium Management LLC boosted its position in Avery Dennison by 10.6% during the second quarter. Millennium Management LLC now owns 68,885 shares of the industrial products company's stock worth $15,062,000 after purchasing an additional 6,627 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Avery Dennison by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 52,296 shares of the industrial products company's stock valued at $11,435,000 after purchasing an additional 2,774 shares during the period. EP Wealth Advisors LLC increased its position in shares of Avery Dennison by 21.5% in the second quarter. EP Wealth Advisors LLC now owns 1,134 shares of the industrial products company's stock valued at $248,000 after buying an additional 201 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Avery Dennison during the 2nd quarter valued at approximately $2,710,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,679 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following the completion of the transaction, the senior vice president now owns 7,126 shares of the company's stock, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Avery Dennison Trading Down 0.3 %

Shares of AVY traded down $0.60 during mid-day trading on Tuesday, reaching $182.75. The stock had a trading volume of 725,855 shares, compared to its average volume of 789,807. Avery Dennison Co. has a 52-week low of $179.20 and a 52-week high of $233.48. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.37 and a beta of 0.89. The business's fifty day moving average is $192.72 and its 200 day moving average is $205.59. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results 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, sell-side analysts predict that Avery Dennison Co. will post 10.03 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently declared 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. This represents a $3.52 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, March 5th. Avery Dennison's dividend payout ratio (DPR) is presently 40.37%.

Analyst Ratings Changes

AVY has been the topic of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of Avery Dennison from $252.00 to $247.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Raymond James reissued an "outperform" rating and set a $208.00 target price (down previously from $218.00) on shares of Avery Dennison in a report on Friday. JPMorgan Chase & Co. upgraded Avery Dennison from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $210.00 to $205.00 in a research report on Friday. Truist Financial reissued a "buy" rating and issued a $215.00 price objective (down from $245.00) on shares of Avery Dennison in a research note on Friday. Finally, UBS Group lowered their target price on shares of Avery Dennison from $235.00 to $207.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $227.15.

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.