Natixis Advisors LLC Raises Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Natixis Advisors LLC boosted its holdings in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,341 shares of the industrial products company's stock after purchasing an additional 26,297 shares during the period. Natixis Advisors LLC owned about 0.34% of Avery Dennison worth $50,402,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Larson Financial Group LLC lifted its position in shares of Avery Dennison by 100.0% during the 3rd 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 last quarter. Peterson Financial Group Inc. bought a new position in Avery Dennison in the third quarter valued at about $39,000. Regents Gate Capital LLP acquired a new stake in Avery Dennison during the 4th quarter valued at approximately $37,000. Brooklyn Investment Group bought a new stake in shares of Avery Dennison in the 3rd quarter valued at $66,000. Finally, Spire Wealth Management increased its position in shares of Avery Dennison by 76.0% during 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. Institutional investors and hedge funds own 94.17% of the company's stock.

Insider Activity at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the company's stock in a transaction 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 sale, the chairman now owns 303,331 shares in the company, valued at $55,160,742.35. This represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

AVY has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. UBS Group decreased their target price on Avery Dennison from $235.00 to $207.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. raised Avery Dennison from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $210.00 to $205.00 in a research note on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and set a $208.00 price objective (down previously from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. Finally, BMO Capital Markets set a $226.00 target price on shares of Avery Dennison in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $222.51.

Avery Dennison Stock Down 1.3 %

Shares of Avery Dennison stock traded down $2.34 during trading hours on Thursday, reaching $176.77. The company's stock had a trading volume of 740,436 shares, compared to its average volume of 723,611. The company has a market capitalization of $13.96 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.07 and a beta of 0.85. The stock's fifty day simple moving average is $185.02 and its two-hundred day simple moving average is $198.67. Avery Dennison Co. has a one year low of $174.91 and a one year high of $233.48. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 1.08.

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 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, research analysts forecast that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 annualized dividend and a yield of 1.99%. Avery Dennison's dividend payout ratio (DPR) is currently 40.37%.

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.