Signaturefd LLC Purchases 424 Shares of Avery Dennison Co. (NYSE:AVY)

Signaturefd LLC increased its position in shares of Avery Dennison Co. (NYSE:AVY) by 157.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 693 shares of the industrial products company’s stock after acquiring an additional 424 shares during the period. Signaturefd LLC’s holdings in Avery Dennison were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC increased its holdings in shares of Avery Dennison by 100.0% in the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 71 shares during the period. Regents Gate Capital LLP purchased a new position in Avery Dennison during the fourth quarter worth about $37,000. Spire Wealth Management grew its position in Avery Dennison by 76.0% during the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock worth $56,000 after buying an additional 130 shares in the last quarter. Brooklyn Investment Group bought a new position in Avery Dennison in the 3rd quarter worth about $66,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Avery Dennison in the 4th quarter valued at about $68,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Price Performance

AVY opened at $174.68 on Monday. 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 stock’s 50 day simple moving average is $184.59 and its 200 day simple moving average is $197.90. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 20.03, 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 (NYSE:AVY) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. As a group, analysts predict that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.02%. Avery Dennison’s dividend payout ratio is currently 40.37%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AVY. UBS Group decreased their price objective on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $210.00 to $205.00 in a research note on Friday, January 31st. Truist Financial restated a “buy” rating and set a $215.00 price objective (down previously from $245.00) on shares of Avery Dennison in a research report on Friday, January 31st. Citigroup cut their target price 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. Finally, Robert W. Baird set a $220.00 price target on Avery Dennison in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Avery Dennison has an average rating of “Moderate Buy” and a consensus target price of $222.51.

Insider Buying and Selling

In related news, Chairman Mitchell R. Butier sold 12,969 shares of the firm’s stock in a transaction on 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 sale, the chairman now owns 303,331 shares of the company’s stock, valued at $55,160,742.35. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is owned by insiders.

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.