Boston Trust Walden Corp Purchases 20,192 Shares of Avery Dennison Co. (NYSE:AVY)

Boston Trust Walden Corp increased its holdings in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,508 shares of the industrial products company's stock after purchasing an additional 20,192 shares during the period. Boston Trust Walden Corp owned 0.36% of Avery Dennison worth $54,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB increased its stake in Avery Dennison by 485.2% during the 4th quarter. Nordea Investment Management AB now owns 35,630 shares of the industrial products company's stock worth $6,715,000 after buying an additional 29,541 shares during the period. Victory Capital Management Inc. boosted its holdings in Avery Dennison by 6.8% in the third quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company's stock valued at $312,772,000 after purchasing an additional 90,250 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in Avery Dennison by 553.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,137 shares of the industrial products company's stock valued at $693,000 after purchasing an additional 2,657 shares in the last quarter. Meyer Handelman Co. acquired a new position in shares of Avery Dennison in the 4th quarter valued at approximately $4,263,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Avery Dennison by 12.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 420,232 shares of the industrial products company's stock valued at $92,771,000 after buying an additional 46,390 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Price Performance

AVY traded down $3.06 during trading on Thursday, reaching $181.57. The stock had a trading volume of 872,970 shares, compared to its average volume of 799,561. Avery Dennison Co. has a 1-year low of $179.20 and a 1-year high of $233.48. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. The stock has a 50 day moving average of $191.86 and a two-hundred day moving average of $205.18. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing analysts' consensus estimates of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. As a group, equities analysts anticipate that Avery Dennison Co. will post 10.03 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 1.94%. Avery Dennison's dividend payout ratio is currently 40.37%.

Insider Transactions at Avery Dennison

In other 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 transaction, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts 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 cut their target price 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. StockNews.com downgraded Avery Dennison from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Truist Financial reaffirmed a "buy" rating and set a $215.00 target price (down previously from $245.00) on shares of Avery Dennison in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded Avery Dennison from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $210.00 to $205.00 in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $227.15.

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.