Chicago Partners Investment Group LLC Acquires 119 Shares of Avery Dennison Co. (NYSE:AVY)

Chicago Partners Investment Group LLC lifted its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,570 shares of the industrial products company’s stock after acquiring an additional 119 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Avery Dennison were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVY. Swedbank AB bought a new position in shares of Avery Dennison during the first quarter valued at approximately $102,117,000. National Bank of Canada FI raised its holdings in shares of Avery Dennison by 795.2% during the second quarter. National Bank of Canada FI now owns 160,248 shares of the industrial products company’s stock valued at $34,190,000 after acquiring an additional 142,348 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Avery Dennison by 179.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 216,135 shares of the industrial products company’s stock valued at $47,258,000 after acquiring an additional 138,808 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of Avery Dennison by 51.9% during the second quarter. Bahl & Gaynor Inc. now owns 240,096 shares of the industrial products company’s stock valued at $52,497,000 after acquiring an additional 81,993 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Avery Dennison by 3,517.1% during the second quarter. Acadian Asset Management LLC now owns 80,987 shares of the industrial products company’s stock valued at $17,701,000 after acquiring an additional 78,748 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Activity at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 10,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $212.90, for a total transaction of $2,129,000.00. Following the sale, the chairman now directly owns 304,114 shares of the company’s stock, valued at $64,745,870.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Avery Dennison news, Chairman Mitchell R. Butier sold 3,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $206.80, for a total value of $620,400.00. Following the transaction, the chairman now owns 304,114 shares of the company’s stock, valued at approximately $62,890,775.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mitchell R. Butier sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $212.90, for a total value of $2,129,000.00. Following the completion of the transaction, the chairman now directly owns 304,114 shares in the company, valued at approximately $64,745,870.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,108 shares of company stock valued at $9,181,457 over the last ninety days. Insiders own 1.10% of the company’s stock.

Avery Dennison Trading Up 0.6 %

NYSE AVY opened at $206.75 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. Avery Dennison Co. has a 12 month low of $176.75 and a 12 month high of $233.48. The stock has a market cap of $16.61 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.58 and a beta of 0.89. The stock’s fifty day moving average price is $215.45 and its 200-day moving average price is $218.24.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm posted $2.10 earnings per share. Avery Dennison’s revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Avery Dennison Co. will post 9.41 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, December 4th. This represents a $3.52 annualized dividend and a dividend yield of 1.70%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AVY shares. BMO Capital Markets decreased their price objective on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. downgraded Avery Dennison from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $230.00 to $210.00 in a report on Thursday, October 24th. Citigroup decreased their price objective on Avery Dennison from $241.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Bank of America upgraded Avery Dennison from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $207.00 to $250.00 in a report on Thursday, October 17th. Finally, Stifel Nicolaus started coverage on Avery Dennison in a report on Tuesday, July 9th. They issued a “buy” rating and a $274.60 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $244.96.

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.