Charles Schwab Investment Management Inc. Has $130.82 Million Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Charles Schwab Investment Management Inc. raised its position in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 699,091 shares of the industrial products company's stock after buying an additional 10,674 shares during the period. Charles Schwab Investment Management Inc. owned about 0.87% of Avery Dennison worth $130,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of 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 valued at $31,000 after purchasing an additional 71 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Avery Dennison in the third quarter valued at about $36,000. Peterson Financial Group Inc. acquired a new position in Avery Dennison during the 3rd quarter worth about $39,000. Regents Gate Capital LLP acquired a new stake in Avery Dennison in the 4th quarter valued at about $37,000. Finally, Brooklyn Investment Group bought a new position in shares of Avery Dennison in the third quarter worth about $66,000. Institutional investors own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AVY. Bank of America decreased their price target on shares of Avery Dennison from $238.00 to $220.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded Avery Dennison from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $210.00 to $205.00 in a research report on Friday, January 31st. UBS Group decreased their price target on Avery Dennison from $235.00 to $207.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Citigroup dropped their price objective on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $208.00 target price (down previously from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Avery Dennison has an average rating of "Moderate Buy" and a consensus target price of $222.51.

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Insider Activity at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $181.85, for a total value of $2,358,412.65. Following the completion of the transaction, the chairman now owns 303,331 shares in the company, valued at $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 available through the SEC website. 1.10% of the stock is owned by insiders.

Avery Dennison Trading Down 1.6 %

NYSE AVY traded down $2.86 during trading on Wednesday, reaching $177.30. 337,487 shares of the stock traded hands, compared to its average volume of 741,307. The stock's 50-day moving average price is $185.97 and its 200 day moving average price is $200.24. 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 cap of $14.01 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a fifty-two week low of $177.20 and a fifty-two week high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) 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%. 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 issued 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 is Wednesday, March 5th. Avery Dennison's dividend payout ratio (DPR) is presently 40.37%.

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.