Hummer Financial Advisory Services Inc Has $672,000 Holdings in Avery Dennison Co. (NYSE:AVY)

Hummer Financial Advisory Services Inc raised its position in shares of Avery Dennison Co. (NYSE:AVY) by 3.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,010 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in Avery Dennison were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT grew its position in shares of Avery Dennison by 1.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,840 shares of the industrial products company’s stock worth $776,000 after buying an additional 56 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of Avery Dennison by 5.0% during the 4th quarter. First Trust Direct Indexing L.P. now owns 1,198 shares of the industrial products company’s stock worth $242,000 after buying an additional 57 shares during the period. Condor Capital Management grew its position in shares of Avery Dennison by 0.4% during the 4th quarter. Condor Capital Management now owns 13,716 shares of the industrial products company’s stock worth $2,773,000 after buying an additional 60 shares during the period. Checchi Capital Advisers LLC grew its position in shares of Avery Dennison by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,228 shares of the industrial products company’s stock worth $248,000 after buying an additional 62 shares during the period. Finally, Czech National Bank grew its position in shares of Avery Dennison by 0.5% during the 1st quarter. Czech National Bank now owns 14,169 shares of the industrial products company’s stock worth $3,163,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AVY shares. JPMorgan Chase & Co. raised their price objective on shares of Avery Dennison from $218.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Argus raised their price objective on shares of Avery Dennison from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Robert W. Baird lifted their price target on shares of Avery Dennison from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Raymond James reissued an “outperform” rating and issued a $240.00 price target (up previously from $225.00) on shares of Avery Dennison in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.50.

Insider Buying and Selling

In related news, CFO Gregory Lovins sold 2,894 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $227.20, for a total value of $657,516.80. Following the transaction, the chief financial officer now directly owns 67,457 shares of the company’s stock, valued at approximately $15,326,230.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Francisco Melo sold 3,750 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $227.00, for a total value of $851,250.00. Following the transaction, the insider now directly owns 15,230 shares of the company’s stock, valued at approximately $3,457,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory Lovins sold 2,894 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $227.20, for a total transaction of $657,516.80. Following the completion of the transaction, the chief financial officer now directly owns 67,457 shares in the company, valued at $15,326,230.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,583 shares of company stock valued at $2,856,353. 1.10% of the stock is owned by insiders.

Avery Dennison Stock Up 0.4 %

NYSE:AVY traded up $0.94 during trading hours on Friday, hitting $226.94. 888,121 shares of the company traded hands, compared to its average volume of 364,113. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.94. The firm’s 50-day simple moving average is $222.76 and its 200-day simple moving average is $212.40. Avery Dennison Co. has a one year low of $163.83 and a one year high of $230.43. The company has a market cap of $18.28 billion, a PE ratio of 33.13, a PEG ratio of 2.08 and a beta of 0.91.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.14. Avery Dennison had a return on equity of 32.59% and a net margin of 6.56%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Equities analysts predict that Avery Dennison Co. will post 9.32 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.81. The ex-dividend date was Wednesday, June 5th. Avery Dennison’s payout ratio is presently 51.39%.

Avery Dennison Company 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.