B. Metzler seel. Sohn & Co. Holding AG Takes Position in Avery Dennison Co. (NYSE:AVY)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Avery Dennison Co. (NYSE:AVY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,444 shares of the industrial products company’s stock, valued at approximately $981,000.

Other large investors have also modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Avery Dennison in the 2nd quarter valued at about $28,000. Kennebec Savings Bank bought a new position in shares of Avery Dennison during the 3rd quarter worth approximately $36,000. Peterson Financial Group Inc. bought a new position in shares of Avery Dennison during the 3rd quarter worth approximately $39,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Avery Dennison during the 2nd quarter worth approximately $42,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Avery Dennison during the 2nd quarter worth approximately $51,000. Institutional investors own 94.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on AVY shares. Barclays reduced their price objective on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Citigroup reduced their price objective on shares of Avery Dennison from $241.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. BMO Capital Markets reduced their price objective on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered shares of Avery Dennison from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $230.00 to $210.00 in a research note on Thursday, October 24th. Finally, StockNews.com lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.96.

Avery Dennison Stock Up 1.5 %

AVY stock opened at $202.59 on Friday. The firm’s fifty day simple moving average is $210.78 and its 200-day simple moving average is $216.80. The company has a market capitalization of $16.28 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 1.53 and a beta of 0.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62. Avery Dennison Co. has a 12 month low of $187.93 and a 12 month high of $233.48.

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. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.20 billion. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. As a group, equities research analysts forecast that Avery Dennison Co. will post 9.42 earnings per share for the current year.

Avery Dennison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, December 4th. Avery Dennison’s dividend payout ratio (DPR) is presently 42.26%.

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.