B. Metzler seel. Sohn & Co. Holding AG Buys New Stake in Avery Dennison Co. (NYSE:AVY)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Avery Dennison Co. (NYSE:AVY - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,444 shares of the industrial products company's stock, valued at approximately $981,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caprock Group LLC grew its position in Avery Dennison by 12.8% in the 3rd quarter. Caprock Group LLC now owns 1,326 shares of the industrial products company's stock valued at $293,000 after acquiring an additional 150 shares during the last quarter. Lindenwold Advisors INC boosted its stake 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 purchasing an additional 59 shares during the period. Strengthening Families & Communities LLC grew its holdings in shares of Avery Dennison by 7.1% in the third quarter. Strengthening Families & Communities LLC now owns 13,061 shares of the industrial products company's stock worth $2,883,000 after purchasing an additional 863 shares during the last quarter. Swiss National Bank increased its stake in Avery Dennison by 0.3% in the 3rd quarter. Swiss National Bank now owns 239,100 shares of the industrial products company's stock worth $52,784,000 after buying an additional 700 shares during the period. Finally, Peterson Financial Group Inc. bought a new stake in Avery Dennison during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Avery Dennison from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $230.00 to $210.00 in a research note on Thursday, October 24th. BMO Capital Markets decreased their target price on Avery Dennison from $252.00 to $247.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded Avery Dennison from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Bank of America raised shares of Avery Dennison from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $207.00 to $250.00 in a research note on Thursday, October 17th. Finally, Barclays cut their target price on shares of Avery Dennison from $250.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Avery Dennison presently has a consensus rating of "Moderate Buy" and an average target price of $244.96.

Avery Dennison Stock Up 1.5 %

NYSE AVY traded up $3.00 on Friday, hitting $202.59. The stock had a trading volume of 510,657 shares, compared to its average volume of 525,569. Avery Dennison Co. has a 52-week low of $187.93 and a 52-week high of $233.48. The business's fifty day moving average price is $210.78 and its 200 day moving average price is $216.75. 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 stock has a market cap of $16.28 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.53 and a beta of 0.89.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.01. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $2.10 earnings per share. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 1.74%. Avery Dennison's dividend payout ratio (DPR) is 42.26%.

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.