2,188 Shares in Avery Dennison Co. (NYSE:AVY) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new position in shares of Avery Dennison Co. (NYSE:AVY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,188 shares of the industrial products company's stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB boosted its holdings in Avery Dennison by 485.2% in the fourth quarter. Nordea Investment Management AB now owns 35,630 shares of the industrial products company's stock valued at $6,715,000 after purchasing an additional 29,541 shares during the period. Meyer Handelman Co. acquired a new position in Avery Dennison during the 4th quarter worth approximately $4,263,000. 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. Fifth Third Wealth Advisors LLC purchased a new position in Avery Dennison in the fourth quarter valued at $218,000. Finally, Merit Financial Group LLC acquired a new stake in Avery Dennison in the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Buying and Selling at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 8,068 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $186.19, for a total transaction of $1,502,180.92. Following the sale, the chairman now owns 316,300 shares of the company's stock, valued at $58,891,897. This trade represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $220.00 target price on Avery Dennison in a research report on Friday, January 31st. Raymond James dropped their price objective on Avery Dennison from $208.00 to $194.00 and set an "outperform" rating on the stock in a report on Tuesday. Barclays reduced their price objective on Avery Dennison from $245.00 to $225.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Bank of America cut their target price 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. Finally, UBS Group lowered their price objective on shares of Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $215.47.

Avery Dennison Price Performance

Shares of Avery Dennison stock traded down $5.25 during trading on Wednesday, reaching $169.58. The company's stock had a trading volume of 666,140 shares, compared to its average volume of 588,788. The company has a market capitalization of $13.32 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a 12-month low of $157.00 and a 12-month high of $233.48. The business has a 50 day moving average price of $177.15 and a 200-day moving average price of $190.52. 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 earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.03). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. As a group, sell-side analysts anticipate that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.08%. Avery Dennison's payout ratio is 40.37%.

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.