Brown Financial Advisors Lowers Holdings in Avery Dennison Co. (NYSE:AVY)

Brown Financial Advisors reduced its position in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 45.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,297 shares of the industrial products company's stock after selling 1,906 shares during the quarter. Brown Financial Advisors' holdings in Avery Dennison were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AVY. Larson Financial Group LLC increased its holdings in Avery Dennison by 100.0% during the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company's stock valued at $31,000 after buying an additional 71 shares during the period. Kennebec Savings Bank purchased a new position in Avery Dennison in the third quarter valued at about $36,000. Regents Gate Capital LLP bought a new position in Avery Dennison in the fourth quarter worth about $37,000. Peterson Financial Group Inc. purchased a new stake in shares of Avery Dennison during the third quarter valued at about $39,000. Finally, Spire Wealth Management boosted its holdings in shares of Avery Dennison by 76.0% in the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock valued at $56,000 after buying an additional 130 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Avery Dennison Stock Performance

NYSE AVY opened at $184.55 on Tuesday. The company has a market cap of $14.83 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.07 and a beta of 0.89. Avery Dennison Co. has a 1-year low of $178.72 and a 1-year high of $233.48. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. The stock has a 50-day moving average of $187.01 and a two-hundred day moving average of $202.56.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts anticipate that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 5th. Avery Dennison's payout ratio is 40.37%.

Wall Street Analyst Weigh In

Several research analysts recently commented on AVY shares. UBS Group reduced their price objective on shares of Avery Dennison from $235.00 to $207.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Truist Financial reiterated a "buy" rating and set a $215.00 price objective (down previously from $245.00) on shares of Avery Dennison in a report on Friday, January 31st. Citigroup lowered their price objective on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Barclays reduced their target price on Avery Dennison from $245.00 to $225.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, BMO Capital Markets set a $226.00 price target on Avery Dennison in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.

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