Avery Dennison Co. (NYSE:AVY) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in shares of Avery Dennison Co. (NYSE:AVY) by 42.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,293 shares of the industrial products company’s stock after selling 12,230 shares during the period. Pacer Advisors Inc.’s holdings in Avery Dennison were worth $3,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. KBC Group NV boosted its position in Avery Dennison by 18.5% in the 4th quarter. KBC Group NV now owns 18,228 shares of the industrial products company’s stock valued at $3,411,000 after buying an additional 2,844 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Avery Dennison by 7.1% during the fourth quarter. Blue Trust Inc. now owns 2,752 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 182 shares during the period. Running Oak Capital LLC lifted its holdings in shares of Avery Dennison by 13.5% in the fourth quarter. Running Oak Capital LLC now owns 63,830 shares of the industrial products company’s stock valued at $11,945,000 after purchasing an additional 7,572 shares in the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new position in Avery Dennison during the 4th quarter worth approximately $347,000. Finally, Monte Financial Group LLC boosted its holdings in shares of Avery Dennison by 2.7% in the 4th quarter. Monte Financial Group LLC now owns 5,680 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 150 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Price Performance

Shares of AVY stock opened at $185.85 on Friday. The business has a fifty day simple moving average of $193.54 and a 200 day simple moving average of $206.34. The company has a market cap of $14.93 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.38 and a beta of 0.89. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.85. Avery Dennison Co. has a twelve month low of $179.20 and a twelve month high of $233.48.

Avery Dennison (NYSE:AVY) last posted 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 net margin of 7.76% and a return on equity of 33.01%. On average, sell-side analysts forecast that Avery Dennison Co. will post 9.41 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, March 5th. Avery Dennison’s dividend payout ratio (DPR) is 42.26%.

Insider Buying and Selling

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 shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on AVY. UBS Group cut their price objective on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. StockNews.com lowered Avery Dennison from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays dropped 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. Citigroup lowered their price target 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. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $210.00 to $205.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $228.96.

About Avery Dennison

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.