Kintegral Advisory LLC Sells 81 Shares of Avery Dennison Co. (NYSE:AVY)

Kintegral Advisory LLC cut its holdings in shares of Avery Dennison Co. (NYSE:AVY) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,757 shares of the industrial products company’s stock after selling 81 shares during the quarter. Kintegral Advisory LLC’s holdings in Avery Dennison were worth $329,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of Avery Dennison by 485.2% during the fourth quarter. Nordea Investment Management AB now owns 35,630 shares of the industrial products company’s stock worth $6,715,000 after purchasing an additional 29,541 shares during the period. Victory Capital Management Inc. boosted its position in shares of Avery Dennison by 6.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company’s stock worth $312,772,000 after acquiring an additional 90,250 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Avery Dennison by 553.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,137 shares of the industrial products company’s stock worth $693,000 after acquiring an additional 2,657 shares in the last quarter. Meyer Handelman Co. acquired a new stake in Avery Dennison in the fourth quarter valued at approximately $4,263,000. Finally, JPMorgan Chase & Co. boosted its position in Avery Dennison by 12.4% in the third quarter. JPMorgan Chase & Co. now owns 420,232 shares of the industrial products company’s stock valued at $92,771,000 after buying an additional 46,390 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Avery Dennison Price Performance

AVY stock opened at $184.34 on Monday. The company has a fifty day moving average price of $187.01 and a 200-day moving average price of $202.56. The company has a market capitalization of $14.81 billion, a P/E ratio of 21.14, a PEG ratio of 2.06 and a beta of 0.89. Avery Dennison Co. has a 52-week low of $178.72 and a 52-week high of $233.48. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 1.08.

Avery Dennison (NYSE:AVY) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. As a group, equities analysts expect that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 annualized dividend and a yield of 1.91%. Avery Dennison’s dividend payout ratio is currently 40.37%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AVY. Citigroup cut their target price on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Robert W. Baird set a $220.00 target price on shares of Avery Dennison in a research report on Friday, January 31st. Bank of America cut their target price on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets set a $226.00 target price on shares of Avery Dennison in a research report on Monday, February 3rd. Finally, Barclays cut their target price on shares of Avery Dennison from $245.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.51.

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.