Mount Yale Investment Advisors LLC Reduces Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Mount Yale Investment Advisors LLC reduced its holdings in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,066 shares of the industrial products company's stock after selling 3,012 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Avery Dennison were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empirical Finance LLC lifted its position in shares of Avery Dennison by 2.0% in the third quarter. Empirical Finance LLC now owns 2,822 shares of the industrial products company's stock valued at $623,000 after acquiring an additional 55 shares in the last quarter. Procyon Advisors LLC raised its stake in Avery Dennison by 4.0% during the third quarter. Procyon Advisors LLC now owns 1,442 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 56 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Avery Dennison by 18.8% during the fourth quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company's stock worth $69,000 after acquiring an additional 58 shares during the last quarter. Lindenwold Advisors INC boosted its holdings in shares of Avery Dennison by 0.6% in the 3rd quarter. Lindenwold Advisors INC now owns 10,266 shares of the industrial products company's stock worth $2,266,000 after purchasing an additional 59 shares during the period. Finally, Cynosure Group LLC increased its position in Avery Dennison by 3.6% during the third quarter. Cynosure Group LLC now owns 1,712 shares of the industrial products company's stock valued at $378,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Insider Activity

In related news, SVP Nicholas Colisto sold 3,679 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the sale, the senior vice president now directly owns 7,126 shares of the company's stock, valued at $1,467,956. The trade was a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AVY. Truist Financial reduced their price target on Avery Dennison from $258.00 to $245.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Citigroup decreased their price objective on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. StockNews.com cut Avery Dennison from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays decreased their target price on Avery Dennison from $250.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, October 28th. Finally, UBS Group decreased their target price on shares of Avery Dennison from $235.00 to $207.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Avery Dennison presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.05.

Avery Dennison Trading Down 1.3 %

Shares of Avery Dennison stock traded down $2.48 on Tuesday, reaching $193.43. The company had a trading volume of 661,602 shares, compared to its average volume of 630,241. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.92. The firm has a market cap of $15.54 billion, a PE ratio of 23.22, a PEG ratio of 1.36 and a beta of 0.89. Avery Dennison Co. has a 52-week low of $181.99 and a 52-week high of $233.48. The firm's 50 day moving average price is $194.04 and its two-hundred day moving average price is $206.80.

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.