LPL Financial LLC Grows Holdings in Avery Dennison Co. (NYSE:AVY)

LPL Financial LLC raised its stake in Avery Dennison Co. ( NYSE:AVY – Free Report ) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

The fund owned 61,490 shares of the industrial products company’s stock after buying an additional 1,148 shares during the period. LPL Financial LLC owned about 0.08% of Avery Dennison worth $11,507,000 at the end of the most recent quarter.



Several other institutional investors and hedge funds have also recently made changes to their positions in AVY. Geode Capital Management LLC boosted its stake in Avery Dennison by 8.2% in the third quarter.

Geode Capital Management LLC now owns 2,088,516 shares of the industrial products company’s stock worth $459,621,000 after buying an additional 157,754 shares in the last quarter. Boston Partners boosted its stake in shares of Avery Dennison by 7.7% in the 4th quarter.

Boston Partners now owns 926,506 shares of the industrial products company’s stock valued at $173,385,000 after purchasing an additional 66,216 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Avery Dennison by 21.4% during the 4th quarter.

Bank of New York Mellon Corp now owns 764,591 shares of the industrial products company’s stock valued at $143,078,000 after purchasing an additional 134,560 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Avery Dennison by 1.

6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 699,091 shares of the industrial products company’s stock worth $130,821,000 after purchasing an additional 10,674 shares during the period.

Finally, Principal Financial Group Inc. lifted its stake in Avery Dennison by 0.8% in the third quarter.

Principal Financial Group Inc. now owns 617,611 shares of the industrial products company’s stock worth $136,338,000 after purchasing an additional 4,670 shares during the last quarter. Hedge funds and other institutional investors own 94.

17% of the company’s stock. Avery Dennison Price Performance AVY stock opened at $176.44 on Friday.

The firm has a 50-day moving average of $182.24 and a 200 day moving average of $195.62.

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.

73. The company has a market cap of $13.93 billion, a P/E ratio of 20.

23, a PEG ratio of 2.07 and a beta of 0.85.

Avery Dennison Co. has a 1 year low of $173.02 and a 1 year high of $233.

48. Avery Dennison Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.

88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.

00%. The ex-dividend date was Wednesday, March 5th. Avery Dennison’s dividend payout ratio is presently 40.

37%. Analyst Upgrades and Downgrades Several research analysts have recently commented on the company. Raymond James reiterated an “outperform” rating and issued a $208.

00 price objective (down previously from $218.00) on shares of Avery Dennison in a report on Friday, January 31st. Barclays decreased their price target on Avery Dennison from $245.

00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. UBS Group dropped their price objective on Avery Dennison from $235.

00 to $207.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Truist Financial reaffirmed a “buy” rating and issued a $215.

00 target price (down from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st. Finally, Citigroup dropped their price target on shares of Avery Dennison from $228.

00 to $202.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company.

According to MarketBeat.com, Avery Dennison presently has an average rating of “Moderate Buy” and an average price target of $222.51.

Check Out Our Latest Stock Report on Avery Dennison Insider Buying and Selling In other news, Chairman Mitchell R. Butier sold 12,969 shares of Avery Dennison stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $181.

85, for a total value of $2,358,412.65. Following the completion of the transaction, the chairman now owns 303,331 shares of the company’s stock, valued at $55,160,742.

35. The trade was a 4.10 % decrease in their position.

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . 0.84% of the stock is currently owned by insiders.

About Avery Dennison ( 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 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.

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