180 Wealth Advisors LLC Raises Stake in Avery Dennison Co. (NYSE:AVY)

180 Wealth Advisors LLC lifted its position in shares of Avery Dennison Co. (NYSE:AVY) by 9.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,212 shares of the industrial products company’s stock after buying an additional 850 shares during the period. 180 Wealth Advisors LLC’s holdings in Avery Dennison were worth $1,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Avery Dennison in the second quarter valued at $42,000. Federated Hermes Inc. increased its stake in shares of Avery Dennison by 56.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,470 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 532 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Avery Dennison by 8.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,259 shares of the industrial products company’s stock worth $2,243,000 after acquiring an additional 815 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Avery Dennison by 1.2% during the second quarter. Envestnet Asset Management Inc. now owns 590,320 shares of the industrial products company’s stock worth $129,074,000 after purchasing an additional 6,773 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Avery Dennison by 21.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 18,728 shares of the industrial products company’s stock valued at $4,095,000 after purchasing an additional 3,328 shares during the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup cut their target price on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Truist Financial reduced their price objective on Avery Dennison from $258.00 to $245.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered shares of Avery Dennison from an “overweight” rating to a “neutral” rating and cut their price target for the company from $230.00 to $210.00 in a report on Thursday, October 24th. UBS Group decreased 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 note on Friday. Finally, Bank of America cut their target price on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.05.

Insider Activity at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,679 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $206.00, for a total transaction of $757,874.00. Following the completion of the sale, the senior vice president now owns 7,126 shares of the company’s stock, valued at $1,467,956. This represents a 34.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Avery Dennison Stock Up 1.7 %

Shares of Avery Dennison stock opened at $187.93 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62. Avery Dennison Co. has a 1-year low of $181.99 and a 1-year high of $233.48. The business has a 50-day moving average of $196.27 and a 200-day moving average of $208.51. The company has a market capitalization of $15.10 billion, a PE ratio of 22.56, a P/E/G ratio of 1.52 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the business earned $2.10 EPS. Avery Dennison’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Avery Dennison Co. will post 9.42 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.88 per share. The ex-dividend date was Wednesday, December 4th. This represents a $3.52 annualized dividend and a dividend yield of 1.87%. Avery Dennison’s payout ratio is 42.26%.

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.