Yousif Capital Management LLC Sells 283 Shares of Avery Dennison Co. (NYSE:AVY)

Yousif Capital Management LLC lessened its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,780 shares of the industrial products company’s stock after selling 283 shares during the period. Yousif Capital Management LLC’s holdings in Avery Dennison were worth $2,766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Boston Trust Walden Corp raised its stake in shares of Avery Dennison by 7.5% in the 4th quarter. Boston Trust Walden Corp now owns 290,508 shares of the industrial products company’s stock valued at $54,363,000 after purchasing an additional 20,192 shares during the period. JB Capital LLC grew its holdings in shares of Avery Dennison by 5.0% during the fourth quarter. JB Capital LLC now owns 15,947 shares of the industrial products company’s stock worth $2,984,000 after buying an additional 756 shares in the last quarter. Valley National Advisers Inc. lifted its stake in Avery Dennison by 2.9% in the 4th quarter. Valley National Advisers Inc. now owns 8,604 shares of the industrial products company’s stock valued at $1,610,000 after acquiring an additional 243 shares in the last quarter. Greenleaf Trust boosted its position in Avery Dennison by 4.4% during the 4th quarter. Greenleaf Trust now owns 1,352 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 57 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of Avery Dennison by 76.0% during the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 130 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 value of $757,874.00. Following the transaction, the senior vice president now directly owns 7,126 shares of the company’s stock, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $179.10 on Monday. The business has a 50-day simple moving average of $190.86 and a 200 day simple moving average of $204.59. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.04 and a beta of 0.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. Avery Dennison Co. has a one year low of $178.72 and a one year high of $233.48.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.38 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%. On average, research analysts anticipate that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.97%. Avery Dennison’s payout ratio is presently 40.37%.

Analysts Set New Price Targets

Several equities research analysts have commented on AVY shares. Citigroup cut their price target on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $210.00 to $205.00 in a research report on Friday, January 31st. Raymond James reissued 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. Finally, UBS Group lowered their target price on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Avery Dennison currently has an average rating of “Moderate Buy” and a consensus price target of $227.15.

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.