16,557 Shares in Avery Dennison Co. (NYSE:AVY) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Avery Dennison Co. (NYSE:AVY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,557 shares of the industrial products company's stock, valued at approximately $36,550,000.

Other hedge funds have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Avery Dennison in the second quarter worth $28,000. Ashton Thomas Private Wealth LLC bought a new position in Avery Dennison in the 2nd quarter worth about $42,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Avery Dennison in the 2nd quarter valued at about $51,000. Raleigh Capital Management Inc. raised its holdings in shares of Avery Dennison by 1,400.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 238 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in shares of Avery Dennison during the first quarter worth about $64,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Insider Activity at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 3,000 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $202.95, for a total transaction of $608,850.00. Following the transaction, the chairman now directly owns 304,114 shares of the company's stock, valued at approximately $61,719,936.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Avery Dennison news, Chairman Mitchell R. Butier sold 3,000 shares of Avery Dennison stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $202.95, for a total transaction of $608,850.00. Following the sale, the chairman now directly owns 304,114 shares of the company's stock, valued at approximately $61,719,936.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mitchell R. Butier sold 7,108 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $218.12, for a total value of $1,550,396.96. Following the completion of the transaction, the chairman now directly owns 304,114 shares of the company's stock, valued at $66,333,345.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,108 shares of company stock worth $12,545,087 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AVY. StockNews.com downgraded shares of Avery Dennison from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. UBS Group downgraded shares of Avery Dennison from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $262.00 to $235.00 in a report on Thursday, July 25th. Barclays reduced their target price on Avery Dennison from $250.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday. Citigroup cut their price objective on Avery Dennison from $241.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered Avery Dennison from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $230.00 to $210.00 in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.96.

Avery Dennison Trading Down 0.4 %

NYSE:AVY traded down $0.84 during midday trading on Tuesday, reaching $206.19. 492,038 shares of the stock traded hands, compared to its average volume of 466,613. The stock has a market capitalization of $16.61 billion, a P/E ratio of 30.10, a PEG ratio of 1.78 and a beta of 0.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.60 and a current ratio of 0.90. The company has a fifty day moving average of $216.50 and a 200 day moving average of $218.38. Avery Dennison Co. has a 12 month low of $170.42 and a 12 month high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.32 by $0.01. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion. Avery Dennison had a net margin of 7.34% and a return on equity of 33.44%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 earnings per share. On average, research analysts predict that Avery Dennison Co. will post 9.41 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.88 per share. The ex-dividend date is Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.71%. Avery Dennison's dividend payout ratio is presently 51.39%.

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.