HB Wealth Management LLC Acquires 76 Shares of Avery Dennison Co. (NYSE:AVY)

HB Wealth Management LLC raised its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,951 shares of the industrial products company’s stock after purchasing an additional 76 shares during the quarter. HB Wealth Management LLC’s holdings in Avery Dennison were worth $739,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Larson Financial Group LLC grew its stake in Avery Dennison by 100.0% in the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Kennebec Savings Bank bought a new position in Avery Dennison in the third quarter worth approximately $36,000. Peterson Financial Group Inc. bought a new stake in Avery Dennison during the 3rd quarter valued at $39,000. Raleigh Capital Management Inc. lifted 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 worth $56,000 after buying an additional 238 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Avery Dennison during the 3rd quarter worth $66,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Stock Up 0.6 %

Avery Dennison stock opened at $192.43 on Wednesday. The business’s 50-day simple moving average is $194.80 and its two-hundred day simple moving average is $207.61. 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 company has a market cap of $15.46 billion, a PE ratio of 23.10, a PEG ratio of 1.33 and a beta of 0.89. Avery Dennison Co. has a fifty-two week low of $181.99 and a fifty-two week high of $233.48.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.01. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.20 billion. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. Avery Dennison’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. Equities analysts anticipate 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 was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 1.83%. Avery Dennison’s dividend payout ratio is presently 42.26%.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the transaction, the senior vice president now directly owns 7,126 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AVY. UBS Group dropped their target price on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Barclays cut their price objective on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. BMO Capital Markets dropped their target price on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Citigroup reduced their price target on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Bank of America reduced their target price on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.05.

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.