2 days Ago By Defense World Staff
American Century Companies Inc. lessened its holdings in shares of Avery Dennison Co. ( NYSE:AVY – Free Report ) by 48.
8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 195,614 shares of the industrial products company’s stock after selling 186,703 shares during the quarter. American Century Companies Inc.
owned approximately 0.24% of Avery Dennison worth $42,771,000 at the end of the most recent reporting period. A number of other large investors have also recently bought and sold shares of the business.
Bahl & Gaynor Inc. lifted its position in Avery Dennison by 51.9% during the 2nd quarter.
Bahl & Gaynor Inc. now owns 240,096 shares of the industrial products company’s stock worth $52,497,000 after acquiring an additional 81,993 shares during the last quarter. Daiwa Securities Group Inc.
increased its holdings in shares of Avery Dennison by 9.9% during the 2nd quarter. Daiwa Securities Group Inc.
now owns 8,739 shares of the industrial products company’s stock worth $1,911,000 after purchasing an additional 788 shares during the period. Andra AP fonden raised its position in shares of Avery Dennison by 13.9% during the second quarter.
Andra AP fonden now owns 41,100 shares of the industrial products company’s stock valued at $8,987,000 after buying an additional 5,000 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Avery Dennison by 1.
1% during the second quarter. Royal London Asset Management Ltd. now owns 32,076 shares of the industrial products company’s stock worth $7,013,000 after buying an additional 339 shares in the last quarter.
Finally, Choreo LLC increased its stake in Avery Dennison by 40.8% during the second quarter. Choreo LLC now owns 8,249 shares of the industrial products company’s stock valued at $1,762,000 after acquiring an additional 2,391 shares during the period.
94.17% of the stock is currently owned by institutional investors. Insiders Place Their Bets In related news, Chairman Mitchell R.
Butier sold 7,108 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $218.12, for a total value of $1,550,396.
96. Following the completion of the sale, the chairman now owns 304,114 shares in the company, valued at approximately $66,333,345.68.
The transaction was disclosed in a filing with the SEC, which is available through this link . In related news, Chairman Mitchell R. Butier sold 3,000 shares of the business’s stock in a transaction on Monday, August 5th.
The shares were sold at an average price of $202.95, for a total value of $608,850.00.
Following the sale, the chairman now directly owns 304,114 shares of the company’s stock, valued at approximately $61,719,936.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, Chairman Mitchell R. Butier sold 7,108 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $218.
12, for a total value of $1,550,396.96. Following the transaction, the chairman now owns 304,114 shares of the company’s stock, valued at approximately $66,333,345.
68. The disclosure for this sale can be found here . Over the last three months, insiders have sold 59,108 shares of company stock worth $12,545,087.
Company insiders own 1.10% of the company’s stock. Avery Dennison Stock Performance Avery Dennison ( NYSE:AVY – Get Free Report ) last released its earnings results on Tuesday, July 23rd.
The industrial products company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.
16. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.
18 billion. Avery Dennison had a return on equity of 33.44% and a net margin of 7.
34%. The company’s quarterly revenue was up 6.9% on a year-over-year basis.
During the same quarter in the prior year, the firm posted $1.92 earnings per share. As a group, equities research analysts predict that Avery Dennison Co.
will post 9.41 EPS for the current year. Avery Dennison Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th.
Shareholders of record on Wednesday, September 4th will be paid a $0.88 dividend. 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 payout ratio is presently 51.39%. Wall Street Analyst Weigh In A number of analysts have commented on AVY shares.
Stifel Nicolaus started coverage on Avery Dennison in a research report on Tuesday, July 9th. They issued a “buy” rating and a $274.60 price objective for the company.
Robert W. Baird lifted their price target on shares of Avery Dennison from $230.00 to $250.
00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Citigroup increased their price objective on shares of Avery Dennison from $230.00 to $241.
00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Truist Financial raised their price objective on shares of Avery Dennison from $253.00 to $258.
00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price objective on Avery Dennison from $256.00 to $254.
00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.
96. Read Our Latest Report on AVY Avery Dennison 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 Five stocks we like better than Avery Dennison What is a Bond Market Holiday? How to Invest and Trade Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible Utilities Stocks Explained – How and Why to Invest in Utilities Roblox’s Growth Beyond Kids: Stock Set for Major Moves Insider Selling Explained: Can it Inform Your Investing Choices? 5 Oversold Stocks to Buy Right Now 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. ( NYSE:AVY – Free Report ).
Receive News & Ratings for Avery Dennison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison and related companies with MarketBeat.com's FREE daily email newsletter ..
