Financial Counselors Inc. Has $9.89 Million Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Financial Counselors Inc. boosted its holdings in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,844 shares of the industrial products company's stock after acquiring an additional 1,451 shares during the quarter. Financial Counselors Inc. owned 0.07% of Avery Dennison worth $9,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AVY. Greenleaf Trust boosted its holdings in shares of Avery Dennison by 4.4% during the fourth quarter. Greenleaf Trust now owns 1,352 shares of the industrial products company's stock worth $253,000 after purchasing an additional 57 shares during the period. AdvisorNet Financial Inc boosted its stake 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 buying an additional 58 shares during the period. HBK Sorce Advisory LLC grew its holdings in shares of Avery Dennison by 0.5% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,862 shares of the industrial products company's stock valued at $2,220,000 after acquiring an additional 58 shares in the last quarter. Cynosure Group LLC raised its holdings in shares of Avery Dennison by 3.6% during the third quarter. Cynosure Group LLC now owns 1,712 shares of the industrial products company's stock worth $378,000 after acquiring an additional 59 shares in the last quarter. Finally, RMR Wealth Builders boosted its position in Avery Dennison by 5.7% during the fourth quarter. RMR Wealth Builders now owns 1,097 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

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Insider Transactions at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 12,969 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $181.85, for a total transaction of $2,358,412.65. Following the transaction, the chairman now directly owns 303,331 shares in the company, valued at $55,160,742.35. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America cut their price target on Avery Dennison from $238.00 to $220.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Barclays dropped their price target on shares of Avery Dennison from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets set a $226.00 price objective on shares of Avery Dennison in a research note on Monday, February 3rd. UBS Group lowered their target price on shares of Avery Dennison from $235.00 to $207.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $208.00 price target (down previously from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $222.51.

Avery Dennison Stock Performance

Shares of Avery Dennison stock traded up $2.28 during trading on Monday, reaching $178.05. The company's stock had a trading volume of 716,426 shares, compared to its average volume of 542,225. The business's fifty day moving average price is $183.02 and its 200-day moving average price is $196.14. Avery Dennison Co. has a one year low of $173.02 and a one year high of $233.48. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 20.42, 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 issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 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, equities research analysts predict that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 1.98%. Avery Dennison's payout ratio 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.