Bradley Foster & Sargent Inc. CT Has $453,000 Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Bradley Foster & Sargent Inc. CT lowered its position in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 48.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,419 shares of the industrial products company's stock after selling 2,298 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in Avery Dennison were worth $453,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AVY. Nordea Investment Management AB lifted its stake in Avery Dennison by 485.2% in the 4th quarter. Nordea Investment Management AB now owns 35,630 shares of the industrial products company's stock worth $6,715,000 after acquiring an additional 29,541 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Avery Dennison by 6.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company's stock valued at $312,772,000 after acquiring an additional 90,250 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Avery Dennison by 553.5% in the third quarter. Icon Wealth Advisors LLC now owns 3,137 shares of the industrial products company's stock worth $693,000 after buying an additional 2,657 shares during the last quarter. Meyer Handelman Co. bought a new position in Avery Dennison in the 4th quarter worth $4,263,000. Finally, JPMorgan Chase & Co. lifted its position 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 worth $92,771,000 after purchasing an additional 46,390 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Up 0.6 %

NYSE AVY traded up $1.20 during trading on Tuesday, hitting $185.74. The stock had a trading volume of 87,784 shares, compared to its average volume of 728,057. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 1.08. Avery Dennison Co. has a 12 month low of $178.72 and a 12 month high of $233.48. The company has a market capitalization of $14.92 billion, a PE ratio of 21.36, a P/E/G ratio of 2.07 and a beta of 0.89. The company's 50-day moving average price is $187.01 and its two-hundred day moving average price is $202.56.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. As a group, sell-side analysts forecast that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a yield of 1.90%. Avery Dennison's dividend payout ratio (DPR) is 40.37%.

Analysts Set New Price Targets

AVY has been the subject of several research reports. Barclays reduced their target price on shares of Avery Dennison from $245.00 to $225.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. UBS Group dropped their price target on Avery Dennison from $235.00 to $207.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Bank of America dropped their price objective on shares of Avery Dennison from $238.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Truist Financial reissued a "buy" rating and set a $215.00 price target (down from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st. Finally, Robert W. Baird set a $220.00 target price on Avery Dennison in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $222.51.

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.