Avery Dennison Corp (AVY) Stake Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Avery Dennison Corp (NYSE:AVY) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,466 shares of the industrial products company’s stock after selling 603 shares during the period. Dimensional Fund Advisors LP owned approximately 0.66% of Avery Dennison Corp worth $41,464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in Avery Dennison Corp by 3.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,406 shares of the industrial products company’s stock worth $109,000 after buying an additional 48 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Avery Dennison Corp during the third quarter worth $128,000. SRB Corp acquired a new stake in Avery Dennison Corp during the third quarter worth $165,000. Johnson Financial Group Inc. raised its stake in Avery Dennison Corp by 3.5% in the fourth quarter. Johnson Financial Group Inc. now owns 2,389 shares of the industrial products company’s stock worth $168,000 after buying an additional 80 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in Avery Dennison Corp by 427.8% in the third quarter. Toronto Dominion Bank now owns 2,597 shares of the industrial products company’s stock worth $202,000 after buying an additional 2,105 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

Institutional Ownership by Quarter for Avery Dennison Corp (NYSE:AVY)

Avery Dennison Corp (NYSE:AVY) traded down 0.72% during trading on Friday, hitting $81.61. 922,323 shares of the stock traded hands. Avery Dennison Corp has a 52-week low of $68.55 and a 52-week high of $82.39. The company’s 50 day moving average price is $80.26 and its 200-day moving average price is $75.62. The stock has a market cap of $7.19 billion, a P/E ratio of 23.05 and a beta of 1.12.

Avery Dennison Corp (NYSE:AVY) last posted its earnings results on Wednesday, February 1st. The industrial products company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Avery Dennison Corp had a return on equity of 37.46% and a net margin of 5.27%. The firm earned $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts forecast that Avery Dennison Corp will post $4.44 earnings per share for the current fiscal year.

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AVY has been the topic of several analyst reports. Citigroup Inc upgraded shares of Avery Dennison Corp from a “neutral” rating to a “buy” rating in a research report on Friday, January 6th. Zacks Investment Research raised shares of Avery Dennison Corp from a “sell” rating to a “hold” rating in a report on Thursday, December 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $79.67.

In related news, insider Dean A. Scarborough sold 34,437 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $80.02, for a total value of $2,755,648.74. Following the completion of the sale, the insider now directly owns 116,300 shares in the company, valued at approximately $9,306,326. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick Siewert sold 9,027 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $80.00, for a total value of $722,160.00. Following the completion of the sale, the director now owns 24,040 shares of the company’s stock, valued at $1,923,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 367,033 shares of company stock valued at $29,196,106. Corporate insiders own 2.70% of the company’s stock.

About Avery Dennison Corp

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

5 Day Chart for NYSE:AVY

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