Avery Dennison Co. (NYSE:AVY) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lowered its stake in Avery Dennison Co. (NYSE:AVY - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,337,293 shares of the industrial products company's stock after selling 62,387 shares during the quarter. Avery Dennison comprises about 2.3% of Fiduciary Management Inc. WI's portfolio, making the stock its 8th biggest holding. Fiduciary Management Inc. WI owned 1.66% of Avery Dennison worth $250,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVY. Regents Gate Capital LLP acquired a new position in shares of Avery Dennison in the 4th quarter worth approximately $37,000. Spire Wealth Management boosted its holdings in Avery Dennison by 76.0% during the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock worth $56,000 after buying an additional 130 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in Avery Dennison in the fourth quarter worth approximately $68,000. AdvisorNet Financial Inc lifted its position in shares of Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 58 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Avery Dennison by 22.5% during the 4th quarter. Assetmark Inc. now owns 397 shares of the industrial products company's stock worth $74,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

AVY has been the topic of a number of analyst reports. Truist Financial dropped their price target on Avery Dennison from $215.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. downgraded shares of Avery Dennison from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $205.00 to $172.00 in a research report on Thursday. Jefferies Financial Group began coverage on shares of Avery Dennison in a research report on Tuesday. They issued a "hold" rating and a $175.00 price target for the company. Barclays cut their target price on shares of Avery Dennison from $225.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Bank of America decreased their target price on Avery Dennison from $238.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $210.63.

Insiders Place Their Bets

In other news, Chairman Mitchell R. Butier sold 8,068 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $186.19, for a total value of $1,502,180.92. Following the completion of the transaction, the chairman now owns 316,300 shares in the company, valued at approximately $58,891,897. This represents a 2.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company's stock.

Avery Dennison Stock Performance

Shares of AVY traded up $3.58 during mid-day trading on Thursday, hitting $173.83. The company's stock had a trading volume of 534,821 shares, compared to its average volume of 802,257. Avery Dennison Co. has a one year low of $157.00 and a one year high of $233.48. The stock's 50-day moving average is $176.92 and its two-hundred day moving average is $190.38. The firm has a market capitalization of $13.65 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. 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 (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.02). The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.88 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 annualized dividend and a yield of 2.02%. Avery Dennison's dividend payout ratio (DPR) is 40.37%.

Avery Dennison 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.