Terra Alpha Investments LLC Makes New $2.90 Million Investment in Avery Dennison Co. (NYSE:AVY)

Terra Alpha Investments LLC acquired a new stake in shares of Avery Dennison Co. (NYSE:AVY) during the 4th quarter, Holdings Channel.com reports. The fund acquired 15,492 shares of the industrial products company’s stock, valued at approximately $2,899,000. Avery Dennison makes up about 2.9% of Terra Alpha Investments LLC’s portfolio, making the stock its 16th biggest holding.

Several other large investors also recently bought and sold shares of the business. Larson Financial Group LLC boosted its holdings 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 last quarter. Regents Gate Capital LLP bought a new position in Avery Dennison during the fourth quarter valued at approximately $37,000. Peterson Financial Group Inc. purchased a new stake in Avery Dennison in the third quarter worth approximately $39,000. Spire Wealth Management grew its position in Avery Dennison by 76.0% in the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 130 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Avery Dennison during the 3rd quarter valued at $66,000. 94.17% of the stock is currently owned by institutional investors.

Insider Transactions at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of Avery Dennison stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $186.19, for a total value of $1,502,180.92. Following the sale, the chairman now directly owns 316,300 shares in the company, valued at approximately $58,891,897. The trade was a 2.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Avery Dennison Stock Up 1.7 %

Shares of AVY stock opened at $178.91 on Monday. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.07 and a beta of 0.85. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. The company’s fifty day moving average price is $185.49 and its 200-day moving average price is $199.38. Avery Dennison Co. has a one year low of $174.91 and a one year high of $233.48.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 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%. Sell-side analysts expect that Avery Dennison Co. will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, March 5th. Avery Dennison’s dividend payout ratio (DPR) is currently 40.37%.

Wall Street Analyst Weigh In

AVY has been the subject of several research analyst reports. Robert W. Baird set a $220.00 price objective on Avery Dennison in a report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $208.00 price target (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 objective on shares of Avery Dennison in a research note on Monday, February 3rd. Bank of America cut their target price on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, UBS Group decreased their price target on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Avery Dennison currently has an average 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.