Avery Dennison Co. (NYSE:AVY) Position Boosted by Boston Partners

Boston Partners raised its stake in Avery Dennison Co. (NYSE:AVY - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 926,506 shares of the industrial products company's stock after acquiring an additional 66,216 shares during the period. Boston Partners owned 1.15% of Avery Dennison worth $173,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Apollon Wealth Management LLC boosted its stake in shares of Avery Dennison by 7.2% during the third quarter. Apollon Wealth Management LLC now owns 1,233 shares of the industrial products company's stock worth $272,000 after buying an additional 83 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Avery Dennison during the 3rd quarter worth approximately $207,000. CIBC Asset Management Inc raised its position in shares of Avery Dennison by 5.0% during the 3rd quarter. CIBC Asset Management Inc now owns 15,595 shares of the industrial products company's stock worth $3,443,000 after purchasing an additional 742 shares during the last quarter. Swiss National Bank raised its position in shares of Avery Dennison by 0.3% during the 3rd quarter. Swiss National Bank now owns 239,100 shares of the industrial products company's stock worth $52,784,000 after purchasing an additional 700 shares during the last quarter. Finally, Lindenwold Advisors INC raised its holdings in Avery Dennison by 0.6% in the 3rd quarter. Lindenwold Advisors INC now owns 10,266 shares of the industrial products company's stock valued at $2,266,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

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Avery Dennison Stock Performance

AVY traded down $2.37 on Friday, hitting $174.68. 1,492,546 shares of the company's stock were exchanged, compared to its average volume of 513,076. Avery Dennison Co. has a twelve month low of $173.02 and a twelve month high of $233.48. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10. The firm has a market cap of $13.79 billion, a PE ratio of 20.03, a P/E/G ratio of 2.07 and a beta of 0.85. The stock has a fifty day moving average of $184.59 and a two-hundred day moving average of $198.04.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.38 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. On average, research analysts anticipate that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal 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 issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, March 5th. Avery Dennison's dividend payout ratio (DPR) is presently 40.37%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup cut their price target on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating for the company in a report on Monday, January 6th. UBS Group decreased their price target 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. BMO Capital Markets set a $226.00 price objective on shares of Avery Dennison in a report on Monday, February 3rd. Barclays cut their price objective on shares of Avery Dennison from $245.00 to $225.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, Truist Financial restated a "buy" rating and issued a $215.00 target price (down previously from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $222.51.

Insider Activity

In other 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 transaction of $2,358,412.65. Following the completion of the sale, the chairman now directly owns 303,331 shares of the company's stock, valued at $55,160,742.35. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.84% of the company's stock.

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.