BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $50.32 Million Position in Avery Dennison Co. (NYSE:AVY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Avery Dennison Co. (NYSE:AVY - Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,919 shares of the industrial products company's stock after acquiring an additional 11,784 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.28% of Avery Dennison worth $50,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AVY. Innealta Capital LLC bought a new position in Avery Dennison during the 2nd quarter worth $28,000. Kennebec Savings Bank acquired a new position in Avery Dennison during the 3rd quarter worth $36,000. Peterson Financial Group Inc. acquired a new position in shares of Avery Dennison during the third quarter valued at $39,000. Ashton Thomas Private Wealth LLC bought a new position in Avery Dennison in the 2nd quarter valued at about $42,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Avery Dennison during the 2nd quarter valued at about $51,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Avery Dennison Price Performance

Shares of Avery Dennison stock traded up $3.00 during midday trading on Friday, reaching $202.59. The company had a trading volume of 488,585 shares, compared to its average volume of 469,725. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $211.12 and a 200 day simple moving average of $216.94. Avery Dennison Co. has a 1-year low of $187.93 and a 1-year high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company earned $2.10 earnings per share. The company's revenue was up 4.1% on a year-over-year basis. As a group, equities research analysts forecast that Avery Dennison Co. will post 9.42 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, December 4th. Avery Dennison's payout ratio is 42.26%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Avery Dennison from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays cut their price target on shares of Avery Dennison from $250.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, October 28th. Bank of America upgraded shares of Avery Dennison from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $207.00 to $250.00 in a report on Thursday, October 17th. Citigroup decreased their target price on Avery Dennison from $241.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut Avery Dennison from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $230.00 to $210.00 in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.96.

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.