Blue Trust Inc. Acquires 182 Shares of Avery Dennison Co. (NYSE:AVY)

Blue Trust Inc. boosted its holdings in Avery Dennison Co. (NYSE:AVY) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,752 shares of the industrial products company’s stock after purchasing an additional 182 shares during the quarter. Blue Trust Inc.’s holdings in Avery Dennison were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC lifted its position in shares of Avery Dennison by 100.0% during the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Kennebec Savings Bank acquired a new position in shares of Avery Dennison during the third quarter valued at about $36,000. Peterson Financial Group Inc. bought a new position in shares of Avery Dennison during the 3rd quarter worth about $39,000. Raleigh Capital Management Inc. grew its stake in shares of Avery Dennison by 1,400.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock valued at $56,000 after buying an additional 238 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Avery Dennison in the 3rd quarter valued at about $66,000. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $182.67 on Friday. The firm has a market capitalization of $14.68 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $193.87 and its 200 day simple moving average is $206.51. Avery Dennison Co. has a 12 month low of $179.20 and a 12 month high of $233.48.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. As a group, analysts anticipate that Avery Dennison Co. will post 9.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial reduced their price objective on Avery Dennison from $258.00 to $245.00 and set a “buy” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered shares of Avery Dennison from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $230.00 to $210.00 in a research note on Thursday, October 24th. StockNews.com lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Citigroup lowered their target price on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, BMO Capital Markets cut their price target on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.05.

Insider Activity

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $206.00, for a total transaction of $757,874.00. Following the completion of the transaction, the senior vice president now directly owns 7,126 shares of the company’s stock, valued at approximately $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Avery Dennison 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.