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

Robeco Institutional Asset Management B.V. grew its position in Avery Dennison Co. (NYSE:AVY - Free Report) by 72.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,889 shares of the industrial products company's stock after purchasing an additional 40,824 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Avery Dennison worth $21,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVY. Innealta Capital LLC purchased a new position in Avery Dennison in the 2nd quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Avery Dennison during the second quarter worth $42,000. 1620 Investment Advisors Inc. purchased a new position in Avery Dennison during the second quarter valued at $51,000. Raleigh Capital Management Inc. increased its holdings in Avery Dennison by 1,400.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 238 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Avery Dennison by 936.7% in the 2nd quarter. Versant Capital Management Inc now owns 311 shares of the industrial products company's stock valued at $68,000 after acquiring an additional 281 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 3,000 shares of Avery Dennison stock in a transaction on Friday, August 9th. The stock was sold at an average price of $206.80, for a total transaction of $620,400.00. Following the completion of the transaction, the chairman now directly owns 304,114 shares of the company's stock, valued at approximately $62,890,775.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Chairman Mitchell R. Butier sold 3,000 shares of Avery Dennison stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $206.80, for a total transaction of $620,400.00. Following the completion of the sale, the chairman now directly owns 304,114 shares in the company, valued at $62,890,775.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mitchell R. Butier sold 10,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $211.91, for a total value of $2,119,100.00. Following the completion of the transaction, the chairman now owns 304,114 shares of the company's stock, valued at $64,444,797.74. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,108 shares of company stock valued at $9,181,457. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

AVY has been the subject of a number of research analyst reports. Barclays cut their price objective on Avery Dennison from $250.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Bank of America raised Avery Dennison from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $207.00 to $250.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. downgraded Avery Dennison from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $230.00 to $210.00 in a research report on Thursday, October 24th. BMO Capital Markets reduced their price target on shares of Avery Dennison from $252.00 to $247.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Finally, Truist Financial increased their price objective on shares of Avery Dennison from $253.00 to $258.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $244.96.

Avery Dennison Trading Up 0.8 %

Shares of NYSE:AVY traded up $1.59 during mid-day trading on Thursday, reaching $205.71. 274,129 shares of the company were exchanged, compared to its average volume of 467,594. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62. The firm's 50-day simple moving average is $215.16 and its 200 day simple moving average is $218.14. Avery Dennison Co. has a 1 year low of $176.75 and a 1 year high of $233.48. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.58 and a beta of 0.89.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. Avery Dennison's revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts forecast that Avery Dennison Co. will post 9.41 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, December 4th. Avery Dennison's dividend payout ratio is presently 42.26%.

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.