Avery Dennison Co. (NYSE:AVY) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA grew its holdings in Avery Dennison Co. (NYSE:AVY - Free Report) by 39.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,260 shares of the industrial products company's stock after buying an additional 11,905 shares during the period. Unigestion Holding SA owned approximately 0.05% of Avery Dennison worth $7,908,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AVY. Aviva PLC grew its position in Avery Dennison by 1,469.6% in the fourth quarter. Aviva PLC now owns 48,564 shares of the industrial products company's stock worth $9,088,000 after acquiring an additional 45,470 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Avery Dennison in the 4th quarter valued at approximately $4,474,000. Smith Moore & CO. boosted its holdings in shares of Avery Dennison by 1.4% in the 4th quarter. Smith Moore & CO. now owns 4,720 shares of the industrial products company's stock worth $883,000 after purchasing an additional 63 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of Avery Dennison during the 4th quarter valued at approximately $430,000. Finally, ExodusPoint Capital Management LP raised its holdings in Avery Dennison by 96.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 16,923 shares of the industrial products company's stock valued at $3,167,000 after buying an additional 8,316 shares during the period. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Up 2.1 %

Shares of AVY traded up $3.45 during midday trading on Friday, reaching $170.03. 405,934 shares of the stock were exchanged, compared to its average volume of 574,216. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10. The company's 50 day moving average is $178.90 and its two-hundred day moving average is $193.16. The company has a market capitalization of $13.43 billion, a P/E ratio of 19.34, a PEG ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a 52 week low of $157.00 and a 52 week high of $233.48.

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Avery Dennison (NYSE:AVY - Get Free Report) last issued its 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%. On average, sell-side analysts anticipate that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders 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 dividend on an annualized basis and a yield of 2.07%. Avery Dennison's dividend payout ratio is currently 40.37%.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of Avery Dennison stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $186.19, for a total value of $1,502,180.92. Following the transaction, the chairman now owns 316,300 shares in the company, valued at $58,891,897. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AVY shares. Citigroup cut their price objective on shares of Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Robert W. Baird set a $220.00 price objective on shares of Avery Dennison in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and issued a $208.00 price objective (down previously from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $215.00 target price (down previously from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st. Finally, Bank of America decreased 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. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $220.87.

Avery Dennison Company 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.