Avery Dennison Co. (NYSE:AVY) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in Avery Dennison Co. (NYSE:AVY) by 8.3% during the 4th quarter, HoldingsChannel reports. The fund owned 6,903 shares of the industrial products company’s stock after acquiring an additional 530 shares during the quarter. Metis Global Partners LLC’s holdings in Avery Dennison were worth $1,396,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Avery Dennison during the 4th quarter worth approximately $2,715,000. Mutual of America Capital Management LLC raised its holdings in Avery Dennison by 133.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 26,318 shares of the industrial products company’s stock valued at $5,320,000 after acquiring an additional 15,040 shares in the last quarter. Norden Group LLC boosted its stake in Avery Dennison by 3.9% during the 4th quarter. Norden Group LLC now owns 4,026 shares of the industrial products company’s stock valued at $814,000 after acquiring an additional 151 shares during the last quarter. Cerity Partners LLC grew its holdings in Avery Dennison by 4,159.9% during the 4th quarter. Cerity Partners LLC now owns 1,191,228 shares of the industrial products company’s stock worth $240,819,000 after acquiring an additional 1,163,264 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Avery Dennison by 192.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,713 shares of the industrial products company’s stock worth $2,166,000 after purchasing an additional 7,047 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AVY shares. UBS Group lifted their price target on Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Robert W. Baird boosted their price target on Avery Dennison from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on Avery Dennison from $218.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. StockNews.com upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Monday, April 22nd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $240.00 price target (up from $225.00) on shares of Avery Dennison in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.50.

Avery Dennison Trading Up 0.5 %

Shares of NYSE:AVY opened at $225.10 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average price is $216.95 and its 200 day moving average price is $202.69. The company has a market cap of $18.13 billion, a PE ratio of 32.86, a P/E/G ratio of 3.41 and a beta of 0.91. Avery Dennison Co. has a fifty-two week low of $158.93 and a fifty-two week high of $225.55.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, June 4th. This is a boost from Avery Dennison’s previous quarterly dividend of $0.81. Avery Dennison’s payout ratio is 51.39%.

Insider Transactions at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,168 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $217.36, for a total transaction of $1,775,396.48. Following the sale, the chairman now directly owns 321,487 shares in the company, valued at approximately $69,878,414.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Avery Dennison news, SVP Ignacio J. Walker sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $213.90, for a total value of $1,069,500.00. Following the completion of the sale, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at approximately $1,305,217.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mitchell R. Butier sold 8,168 shares of Avery Dennison stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $217.36, for a total transaction of $1,775,396.48. Following the completion of the transaction, the chairman now directly owns 321,487 shares in the company, valued at approximately $69,878,414.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,568 shares of company stock worth $3,143,502. Company insiders own 1.10% of the company’s stock.

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.