Korea Investment CORP Has $17.59 Million Holdings in Avery Dennison Co. (NYSE:AVY)

Korea Investment CORP grew its holdings in Avery Dennison Co. (NYSE:AVY - Free Report) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,974 shares of the industrial products company's stock after acquiring an additional 10,140 shares during the quarter. Korea Investment CORP owned 0.12% of Avery Dennison worth $17,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of 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 last quarter. BNP Paribas Financial Markets increased its stake in Avery Dennison by 22.7% during the third quarter. BNP Paribas Financial Markets now owns 117,980 shares of the industrial products company's stock valued at $26,045,000 after acquiring an additional 21,806 shares during the period. Bridgewater Associates LP raised its holdings in Avery Dennison by 3.6% in the 3rd quarter. Bridgewater Associates LP now owns 16,438 shares of the industrial products company's stock valued at $3,629,000 after acquiring an additional 572 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Avery Dennison by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 8,523 shares of the industrial products company's stock worth $1,882,000 after acquiring an additional 297 shares during the period. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Avery Dennison during the 3rd quarter worth approximately $207,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the business's stock in a transaction on 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 completion of the sale, the chairman now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by corporate insiders.

Avery Dennison Price Performance

AVY traded down $0.18 during trading on Wednesday, hitting $179.38. The company's stock had a trading volume of 162,742 shares, compared to its average volume of 541,751. The firm's 50 day moving average price is $182.77 and its two-hundred day moving average price is $195.86. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a 12 month low of $173.02 and a 12 month high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (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%. Sell-side analysts forecast that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Wednesday, March 5th. Avery Dennison's dividend payout ratio is currently 40.37%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AVY. Raymond James reaffirmed an "outperform" rating and issued a $208.00 target price (down from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. UBS Group decreased 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. Truist Financial reissued a "buy" rating and issued a $215.00 price target (down previously from $245.00) on shares of Avery Dennison in a research report on Friday, January 31st. Robert W. Baird set a $220.00 price objective on Avery Dennison in a report on Friday, January 31st. Finally, Bank of America dropped their target price on Avery Dennison from $238.00 to $220.00 and set a "buy" rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Avery Dennison presently has an average rating of "Moderate Buy" and a consensus target price of $222.51.

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.