BNP Paribas Financial Markets Has $26.05 Million Stake in Avery Dennison Co. (NYSE:AVY)

BNP Paribas Financial Markets grew its position in Avery Dennison Co. (NYSE:AVY - Free Report) by 22.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,980 shares of the industrial products company's stock after purchasing an additional 21,806 shares during the period. BNP Paribas Financial Markets owned about 0.15% of Avery Dennison worth $26,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVY. Intech Investment Management LLC increased its position in Avery Dennison by 3.3% during the second quarter. Intech Investment Management LLC now owns 1,559 shares of the industrial products company's stock worth $341,000 after buying an additional 50 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Avery Dennison by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 2,822 shares of the industrial products company's stock worth $623,000 after acquiring an additional 55 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Avery Dennison by 4.0% during the 3rd quarter. Procyon Advisors LLC now owns 1,442 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 56 shares during the last quarter. Lindenwold Advisors INC lifted its holdings in Avery Dennison by 0.6% in the 3rd quarter. Lindenwold Advisors INC now owns 10,266 shares of the industrial products company's stock worth $2,266,000 after purchasing an additional 59 shares during the last quarter. Finally, Bailard Inc. boosted its position in Avery Dennison by 0.5% during the second quarter. Bailard Inc. now owns 12,202 shares of the industrial products company's stock worth $2,668,000 after purchasing an additional 61 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction on Monday, November 25th. The stock was sold at an average price of $206.00, for a total transaction of $757,874.00. Following the completion of the transaction, the senior vice president now directly owns 7,126 shares of the company's stock, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AVY. JPMorgan Chase & Co. lowered shares of Avery Dennison from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $230.00 to $210.00 in a research report on Thursday, October 24th. Citigroup dropped their target price on shares of Avery Dennison from $241.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Bank of America upgraded shares of Avery Dennison from an "underperform" rating to a "buy" rating and upped their price target for the company from $207.00 to $250.00 in a report on Thursday, October 17th. BMO Capital Markets dropped their price objective on Avery Dennison from $252.00 to $247.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Avery Dennison from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $244.96.

Avery Dennison Stock Performance

Shares of AVY stock traded up $0.80 during mid-day trading on Friday, reaching $205.95. The stock had a trading volume of 318,989 shares, compared to its average volume of 472,037. Avery Dennison Co. has a one year low of $190.04 and a one year high of $233.48. The firm has a market cap of $16.55 billion, a PE ratio of 24.72, a P/E/G ratio of 1.58 and a beta of 0.89. The firm's 50 day simple moving average is $209.80 and its 200 day simple 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 issued its earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.32 by $0.01. The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $2.20 billion. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. Avery Dennison's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $2.10 earnings per share. On average, analysts forecast that Avery Dennison Co. will post 9.42 EPS for the current year.

Avery Dennison Dividend Announcement

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

Avery Dennison 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.