Trillium Asset Management LLC Has $13.49 Million Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Trillium Asset Management LLC reduced its holdings in Avery Dennison Co. (NYSE:AVY - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,084 shares of the industrial products company's stock after selling 7,123 shares during the quarter. Trillium Asset Management LLC owned 0.09% of Avery Dennison worth $13,489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC raised its holdings 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 valued at $272,000 after acquiring an additional 83 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in shares of Avery Dennison during the third quarter valued at approximately $207,000. CIBC Asset Management Inc raised its holdings in shares of Avery Dennison by 5.0% during the third quarter. CIBC Asset Management Inc now owns 15,595 shares of the industrial products company's stock valued at $3,443,000 after acquiring an additional 742 shares during the period. Swiss National Bank raised its holdings in shares of Avery Dennison by 0.3% during the third quarter. Swiss National Bank now owns 239,100 shares of the industrial products company's stock valued at $52,784,000 after acquiring an additional 700 shares during the period. Finally, Lindenwold Advisors INC raised its holdings in shares of Avery Dennison by 0.6% during the third 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 period. 94.17% of the stock is currently owned by institutional investors.

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Insider Activity at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 8,068 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $186.19, for a total value of $1,502,180.92. Following the completion of the transaction, the chairman now owns 316,300 shares in the company, valued at approximately $58,891,897. This represents a 2.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AVY shares. UBS Group cut their price target on shares of 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 shares of Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets set a $226.00 price objective on shares of Avery Dennison in a research note on Monday, February 3rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $210.00 to $205.00 in a research note on Friday, January 31st. Finally, Barclays dropped their price objective on shares of Avery Dennison from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $222.51.

Avery Dennison Stock Performance

Shares of NYSE AVY traded down $2.37 during trading hours on Friday, hitting $174.68. 1,492,546 shares of the stock were exchanged, compared to its average volume of 513,076. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. The company's 50 day moving average is $184.59 and its 200 day moving average is $198.04. The firm has a market capitalization of $13.79 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a one year low of $173.02 and a one year high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last released 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 net margin of 8.05% and a return on equity of 33.06%. On average, research analysts expect that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, March 5th. Avery Dennison's payout ratio is currently 40.37%.

About Avery Dennison

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.