B.O.S.S. Retirement Advisors LLC Buys New Position in Avery Dennison Co. (NYSE:AVY)

B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Avery Dennison Co. (NYSE:AVY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,856 shares of the industrial products company's stock, valued at approximately $347,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in shares of Avery Dennison by 100.0% in the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company's stock worth $31,000 after buying an additional 71 shares during the period. Kennebec Savings Bank acquired a new stake in Avery Dennison in the third quarter valued at approximately $36,000. Peterson Financial Group Inc. purchased a new stake in shares of Avery Dennison during the third quarter valued at approximately $39,000. Raleigh Capital Management Inc. boosted its stake in shares of Avery Dennison by 1,400.0% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 238 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Avery Dennison during the 3rd quarter valued at $66,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVY. Bank of America cut their price objective on shares of Avery Dennison from $238.00 to $220.00 and set a "buy" rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. lowered Avery Dennison from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $230.00 to $210.00 in a research note on Thursday, October 24th. Citigroup cut their target price on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Barclays decreased their price target on shares of Avery Dennison from $250.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Finally, BMO Capital Markets cut their price target 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $235.05.

Avery Dennison Stock Performance

Shares of NYSE:AVY traded down $2.03 during trading on Friday, reaching $191.33. 682,027 shares of the company's stock traded hands, compared to its average volume of 486,609. 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 company has a 50 day moving average of $194.09 and a 200-day moving average of $207.06. Avery Dennison Co. has a 12 month low of $181.99 and a 12 month high of $233.48. The stock has a market capitalization of $15.37 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.01. The business had revenue of $2.18 billion for 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%. The business's quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. On average, equities analysts expect that Avery Dennison Co. will post 9.41 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction that occurred 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 sale, the senior vice president now owns 7,126 shares of the company's stock, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.