Avery Dennison Co. (NYSE:AVY) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Avery Dennison Co. (NYSE:AVY) by 22.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 117,980 shares of the industrial products company’s stock after acquiring an additional 21,806 shares during the quarter. BNP Paribas Financial Markets’ holdings in Avery Dennison were worth $26,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in Avery Dennison during the third quarter worth approximately $66,000. Qsemble Capital Management LP grew its position in shares of Avery Dennison by 10.6% in the 3rd quarter. Qsemble Capital Management LP now owns 4,806 shares of the industrial products company’s stock valued at $1,061,000 after buying an additional 462 shares during the last quarter. Bank of Montreal Can raised its stake in Avery Dennison by 1.9% during the 3rd quarter. Bank of Montreal Can now owns 254,942 shares of the industrial products company’s stock worth $56,684,000 after acquiring an additional 4,729 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Avery Dennison by 6.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,049 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 64 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Avery Dennison by 13.4% in the third quarter. Daiwa Securities Group Inc. now owns 9,914 shares of the industrial products company’s stock valued at $2,189,000 after acquiring an additional 1,175 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the transaction, the senior vice president now owns 7,126 shares in the company, valued at $1,467,956. This trade represents a 34.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Avery Dennison Stock Up 0.4 %

AVY stock opened at $205.89 on Friday. The stock has a market capitalization of $16.54 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. The company has a fifty day moving average of $209.80 and a 200-day moving average of $216.12. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.92. Avery Dennison Co. has a one year low of $190.04 and a one year high of $233.48.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.01. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 earnings per share. As a group, analysts expect that Avery Dennison Co. will post 9.42 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, December 4th. Avery Dennison’s payout ratio is 42.26%.

Analyst Ratings Changes

A number of analysts have recently commented on AVY shares. Barclays cut their target price on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Citigroup reduced their price objective on Avery Dennison from $241.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. BMO Capital Markets lowered their target price on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Bank of America upgraded shares of Avery Dennison from an “underperform” rating to a “buy” rating and upped their price target for the company from $207.00 to $250.00 in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut shares of Avery Dennison from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $230.00 to $210.00 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.96.

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.