Strs Ohio lowered its position in Avery Dennison Corp (NYSE:AVY) by 81.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,043 shares of the industrial products company’s stock after selling 4,515 shares during the quarter. Strs Ohio’s holdings in Avery Dennison were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Avery Dennison by 3.8% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,435 shares of the industrial products company’s stock worth $1,270,000 after purchasing an additional 460 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Avery Dennison by 17.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,409 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 508 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Avery Dennison by 3.0% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 17,609 shares of the industrial products company’s stock worth $1,798,000 after purchasing an additional 511 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Avery Dennison by 2.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 22,174 shares of the industrial products company’s stock worth $2,264,000 after purchasing an additional 534 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of Avery Dennison by 4.9% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 17,836 shares of the industrial products company’s stock worth $1,821,000 after purchasing an additional 840 shares in the last quarter. 83.98% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on AVY. Zacks Investment Research cut Avery Dennison from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Loop Capital raised Avery Dennison from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Thursday, September 13th. Citigroup lowered their price target on Avery Dennison from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. ValuEngine raised Avery Dennison from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, UBS Group set a $135.00 price target on Avery Dennison and gave the company a “buy” rating in a research report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Avery Dennison presently has a consensus rating of “Buy” and an average price target of $120.25.

Shares of AVY stock traded down $1.88 on Friday, hitting $91.97. 1,013,175 shares of the stock were exchanged, compared to its average volume of 793,368. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.00. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.22 and a beta of 1.38. Avery Dennison Corp has a one year low of $86.06 and a one year high of $123.67.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.02). Avery Dennison had a return on equity of 49.86% and a net margin of 4.36%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Avery Dennison Corp will post 6.04 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $2.08 annualized dividend and a yield of 2.26%. Avery Dennison’s dividend payout ratio is currently 41.60%.

In other Avery Dennison news, Director David E. I. Pyott sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $93.00, for a total value of $186,000.00. Following the completion of the transaction, the director now owns 17,293 shares in the company, valued at approximately $1,608,249. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

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Avery Dennison 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. It also offers durable cast and reflective films.

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

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