National Pension Service Has $22.50 Million Position in Avery Dennison Co. (NYSE:AVY)

National Pension Service decreased its position in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,239 shares of the industrial products company's stock after selling 3,132 shares during the period. National Pension Service owned about 0.15% of Avery Dennison worth $22,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings 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 worth $31,000 after buying an additional 71 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Avery Dennison in the third quarter valued at approximately $36,000. Regents Gate Capital LLP acquired a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $37,000. Peterson Financial Group Inc. acquired a new stake in shares of Avery Dennison in the third quarter valued at approximately $39,000. Finally, Spire Wealth Management increased its holdings in shares of 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 and hedge funds own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AVY. Raymond James reissued an "outperform" rating and issued a $208.00 price target (down previously from $218.00) on shares of Avery Dennison in a report on Friday, January 31st. UBS Group lowered their price target on shares of Avery Dennison from $235.00 to $207.00 and set a "neutral" rating for the company in a 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 report on Friday, January 31st. Citigroup lowered their price target on shares of Avery Dennison from $228.00 to $202.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, BMO Capital Markets set a $226.00 price objective on shares of Avery Dennison in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $222.51.

Remove Ads

Avery Dennison Trading Up 0.9 %

Shares of NYSE AVY traded up $1.71 during midday trading on Wednesday, reaching $183.04. 1,055,993 shares of the stock were exchanged, compared to its average volume of 728,993. The business has a 50-day simple moving average of $186.34 and a two-hundred day simple moving average of $201.23. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.07 and a beta of 0.89. Avery Dennison Co. has a 12 month low of $178.72 and a 12 month high of $233.48. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing analysts' consensus estimates 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 expect 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 will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.92%. Avery Dennison's dividend 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.