Ferguson Wellman Capital Management Inc. Acquires 84,501 Shares of Avery Dennison Co. (NYSE:AVY)

Ferguson Wellman Capital Management Inc. raised its position in Avery Dennison Co. (NYSE:AVY - Free Report) by 135.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,830 shares of the industrial products company's stock after purchasing an additional 84,501 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.18% of Avery Dennison worth $27,476,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in Avery Dennison by 100.0% in the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Kennebec Savings Bank bought a new stake in Avery Dennison in the third quarter valued at approximately $36,000. Peterson Financial Group Inc. bought a new stake in Avery Dennison in the third quarter valued at approximately $39,000. Raleigh Capital Management Inc. increased its stake in 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 in the last quarter. Finally, Spire Wealth Management increased its stake in Avery Dennison by 76.0% in the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Performance

AVY stock traded up $1.89 during trading hours on Thursday, reaching $183.08. The stock had a trading volume of 512,883 shares, compared to its average volume of 776,117. The stock has a market capitalization of $14.71 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.04 and a beta of 0.89. 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 simple moving average of $189.40 and a 200 day simple moving average of $203.93. Avery Dennison Co. has a fifty-two week low of $178.72 and a fifty-two week high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 EPS 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%. Analysts predict that Avery Dennison Co. will post 9.96 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, March 5th. Avery Dennison's dividend payout ratio is presently 40.37%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AVY shares. StockNews.com downgraded shares of Avery Dennison from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. UBS Group lowered 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 report on Friday, January 10th. JPMorgan Chase & Co. raised shares of Avery Dennison from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $210.00 to $205.00 in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and set a $208.00 price objective (down previously from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. Finally, Barclays lowered their price objective on shares of Avery Dennison from $245.00 to $225.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Avery Dennison currently has an average rating of "Moderate Buy" and a consensus price target of $227.15.

Insider Transactions at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following the completion of the sale, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Avery Dennison Company 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.