UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 20,218 Shares of Avery Dennison Co. (NYSE:AVY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Avery Dennison Co. (NYSE:AVY - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 724,576 shares of the industrial products company's stock after selling 20,218 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.90% of Avery Dennison worth $159,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of Avery Dennison by 195.2% in the first quarter. Cetera Investment Advisers now owns 17,863 shares of the industrial products company's stock valued at $3,988,000 after purchasing an additional 11,811 shares during the period. SG Americas Securities LLC increased its holdings in Avery Dennison by 86.5% during the 2nd quarter. SG Americas Securities LLC now owns 32,538 shares of the industrial products company's stock worth $7,114,000 after acquiring an additional 15,092 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in Avery Dennison during the 2nd quarter worth approximately $543,000. Swedbank AB increased its holdings in Avery Dennison by 1.0% during the 2nd quarter. Swedbank AB now owns 462,083 shares of the industrial products company's stock worth $101,034,000 after acquiring an additional 4,673 shares during the period. Finally, Jane Street Group LLC increased its holdings in Avery Dennison by 11.0% during the 1st quarter. Jane Street Group LLC now owns 47,420 shares of the industrial products company's stock worth $10,587,000 after acquiring an additional 4,697 shares during the period. Institutional investors own 94.17% of the company's stock.

Avery Dennison Trading Up 0.4 %

Shares of Avery Dennison stock traded up $0.80 during trading on Friday, reaching $205.95. The company's stock had a trading volume of 318,989 shares, compared to its average volume of 507,738. Avery Dennison Co. has a 52-week low of $190.04 and a 52-week high of $233.48. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.58 and a beta of 0.89. The firm's 50-day moving average is $209.80 and its two-hundred day moving average is $216.05. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.85.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.01. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The company had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the prior year, the company earned $2.10 EPS. The firm's revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Avery Dennison Co. will post 9.42 earnings per share for the current year.

Avery Dennison Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Avery Dennison from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $230.00 to $210.00 in a report on Thursday, October 24th. BMO Capital Markets decreased their target price 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. StockNews.com lowered shares of Avery Dennison from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Barclays decreased their price target on shares of Avery Dennison from $250.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. Finally, Bank of America raised shares of Avery Dennison from an "underperform" rating to a "buy" rating and increased their price target for the stock from $207.00 to $250.00 in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.96.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the transaction, the senior vice president now directly owns 7,126 shares in the company, valued at approximately $1,467,956. This represents a 34.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.