Lindenwold Advisors INC Sells 241 Shares of Avery Dennison Co. (NYSE:AVY)

Lindenwold Advisors INC reduced its position in shares of Avery Dennison Co. (NYSE:AVY) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,025 shares of the industrial products company’s stock after selling 241 shares during the quarter. Avery Dennison accounts for approximately 1.0% of Lindenwold Advisors INC’s holdings, making the stock its 28th biggest position. Lindenwold Advisors INC’s holdings in Avery Dennison were worth $1,876,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AVY. Larson Financial Group LLC grew its stake 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 purchasing an additional 71 shares during the period. Regents Gate Capital LLP bought a new stake in shares of Avery Dennison during the 4th quarter valued at about $37,000. Spire Wealth Management grew its stake in shares of Avery Dennison by 76.0% during the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 130 shares during the period. Brooklyn Investment Group bought a new position in shares of Avery Dennison during the 3rd quarter valued at approximately $66,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Avery Dennison during the 4th quarter valued at approximately $68,000. 94.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVY has been the subject of a number of recent research reports. Truist Financial reiterated a “buy” rating and set a $215.00 price objective (down from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st. Robert W. Baird set a $220.00 price objective on Avery Dennison in a research note on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $208.00 price objective (down from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. BMO Capital Markets set a $226.00 price target on Avery Dennison in a research note on Monday, February 3rd. Finally, Bank of America dropped their price target on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $222.51.

Avery Dennison Stock Performance

NYSE:AVY opened at $179.85 on Wednesday. The stock’s fifty day moving average is $185.19 and its 200 day moving average is $198.81. Avery Dennison Co. has a fifty-two week low of $174.91 and a fifty-two week high of $233.48. The firm has a market capitalization of $14.20 billion, a PE ratio of 20.62, a PEG ratio of 2.07 and a beta of 0.85. 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 quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share 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%. On average, sell-side analysts anticipate that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued 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 1.96%. Avery Dennison’s payout ratio is presently 40.37%.

Insider Activity at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 12,969 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the transaction, the chairman now owns 303,331 shares of the company’s stock, valued at $55,160,742.35. This represents a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

About Avery Dennison

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.