Parametric Portfolio Associates LLC Has $34.16 Million Stock Holdings in Avery Dennison Corp (NYSE:AVY)

Parametric Portfolio Associates LLC trimmed its holdings in Avery Dennison Corp (NYSE:AVY) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,801 shares of the industrial products company’s stock after selling 40,157 shares during the period. Parametric Portfolio Associates LLC owned 0.36% of Avery Dennison worth $34,162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of Avery Dennison by 1.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,056 shares of the industrial products company’s stock valued at $3,361,000 after purchasing an additional 333 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Avery Dennison by 2.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 62,646 shares of the industrial products company’s stock valued at $7,248,000 after buying an additional 1,590 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Avery Dennison in the second quarter worth about $216,000. First Quadrant L P CA acquired a new stake in shares of Avery Dennison in the second quarter worth about $699,000. Finally, Squar Milner Financial Services LLC boosted its stake in shares of Avery Dennison by 5.8% during the 2nd quarter. Squar Milner Financial Services LLC now owns 1,739 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

AVY stock opened at $128.75 on Tuesday. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.30. The company has a 50-day moving average of $127.35 and a two-hundred day moving average of $115.80. Avery Dennison Corp has a 52-week low of $82.89 and a 52-week high of $134.56. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.74.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. Avery Dennison had a return on equity of 53.79% and a net margin of 3.37%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts expect that Avery Dennison Corp will post 6.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is currently 38.28%.

In other news, CAO Lori J. Bondar sold 4,500 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $126.00, for a total value of $567,000.00. Following the sale, the chief accounting officer now owns 12,928 shares in the company, valued at $1,628,928. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anthony Anderson sold 2,150 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $114.54, for a total transaction of $246,261.00. Following the transaction, the director now directly owns 2,862 shares in the company, valued at approximately $327,813.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,968 shares of company stock worth $1,634,601. Company insiders own 1.30% of the company’s stock.

A number of brokerages have recently commented on AVY. ValuEngine raised Avery Dennison from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Zacks Investment Research upgraded Avery Dennison from a “sell” rating to a “hold” rating and set a $134.00 target price for the company in a report on Friday, October 25th. Berenberg Bank started coverage on Avery Dennison in a research report on Thursday, August 15th. They set a “buy” rating and a $130.00 target price for the company. UBS Group lowered their price target on Avery Dennison from $130.00 to $129.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Bank of America raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Avery Dennison presently has an average rating of “Hold” and an average target price of $124.25.

Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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

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