2 days Ago By ABMN Staff
American Century Companies Inc. lowered its stake in shares of Avery Dennison Co. ( NYSE:AVY – Free Report ) by 48.
8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,614 shares of the industrial products company’s stock after selling 186,703 shares during the period. American Century Companies Inc.
’s holdings in Avery Dennison were worth $42,771,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Avery Dennison during the second quarter worth approximately $28,000.
Ashton Thomas Private Wealth LLC acquired a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $42,000. 1620 Investment Advisors Inc. acquired a new position in Avery Dennison during the second quarter valued at approximately $51,000.
Palisade Asset Management LLC bought a new stake in Avery Dennison during the first quarter worth $64,000. Finally, Versant Capital Management Inc lifted its stake in Avery Dennison by 936.7% during the second quarter.
Versant Capital Management Inc now owns 311 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 281 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Avery Dennison Price Performance Shares of Avery Dennison stock opened at $221.04 on Tuesday. The firm has a market cap of $17.
81 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.81 and a beta of 0.
88. The company’s fifty day simple moving average is $215.78 and its two-hundred day simple moving average is $218.
90. The company has a quick ratio of 0.60, a current ratio of 0.
90 and a debt-to-equity ratio of 0.89. Avery Dennison Co.
has a 12-month low of $165.21 and a 12-month high of $233.48.
Avery Dennison Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a dividend of $0.88 per share.
This represents a $3.52 annualized dividend and a yield of 1.59%.
The ex-dividend date of this dividend is Wednesday, September 4th. Avery Dennison’s dividend payout ratio (DPR) is 51.39%.
Analyst Ratings Changes Several brokerages have commented on AVY. Robert W. Baird boosted their target price on Avery Dennison from $230.
00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. UBS Group downgraded shares of Avery Dennison from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $262.
00 to $235.00 in a research note on Thursday, July 25th. BMO Capital Markets decreased their target price on shares of Avery Dennison from $256.
00 to $254.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus assumed coverage on Avery Dennison in a research note on Tuesday, July 9th.
They issued a “buy” rating and a $274.60 price target for the company. Finally, Citigroup boosted their price objective on Avery Dennison from $230.
00 to $241.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock.
According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.96. View Our Latest Analysis on Avery Dennison Insider Buying and Selling at Avery Dennison In other news, Chairman Mitchell R.
Butier sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $213.75, for a total transaction of $2,137,500.
00. Following the sale, the chairman now owns 304,114 shares in the company, valued at $65,004,367.50.
The transaction was disclosed in a filing with the SEC, which is available at this link . In related news, Chairman Mitchell R. Butier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st.
The stock was sold at an average price of $213.75, for a total value of $2,137,500.00.
Following the transaction, the chairman now directly owns 304,114 shares of the company’s stock, valued at approximately $65,004,367.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, Chairman Mitchell R. Butier sold 3,000 shares of Avery Dennison stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $205.
76, for a total value of $617,280.00. Following the completion of the sale, the chairman now directly owns 304,114 shares of the company’s stock, valued at approximately $62,574,496.
64. The disclosure for this sale can be found here . In the last ninety days, insiders sold 59,108 shares of company stock worth $12,545,087.
1.10% of the stock is owned by corporate insiders. Avery Dennison Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding AVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avery Dennison Co.
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