Unigestion Holding SA Purchases 11,905 Shares of Avery Dennison Co. (NYSE:AVY)

Unigestion Holding SA lifted its position in Avery Dennison Co. (NYSE:AVY) by 39.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,260 shares of the industrial products company’s stock after buying an additional 11,905 shares during the period. Unigestion Holding SA’s holdings in Avery Dennison were worth $7,908,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AVY. Regents Gate Capital LLP bought a new position in Avery Dennison in the 4th quarter valued at approximately $37,000. Spire Wealth Management boosted its position in shares of Avery Dennison by 76.0% during the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company’s stock valued at $56,000 after buying an additional 130 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in Avery Dennison in the 4th quarter worth about $68,000. AdvisorNet Financial Inc lifted its stake in Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 58 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Avery Dennison by 22.5% during the 4th quarter. Assetmark Inc. now owns 397 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insiders Place Their Bets

In other Avery Dennison news, Chairman Mitchell R. Butier sold 12,969 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $181.85, for a total value of $2,358,412.65. Following the sale, the chairman now owns 303,331 shares in the company, valued at $55,160,742.35. The trade was a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on AVY shares. Bank of America decreased their price objective on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. Robert W. Baird set a $220.00 price target on Avery Dennison in a report on Friday, January 31st. JPMorgan Chase & Co. raised Avery Dennison from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $210.00 to $205.00 in a report on Friday, January 31st. UBS Group lowered their target price on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, BMO Capital Markets set a $226.00 price target on Avery Dennison in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $222.51.

Avery Dennison Price Performance

NYSE AVY opened at $170.30 on Friday. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a 12 month low of $168.77 and a 12 month high of $233.48. The company’s 50 day moving average is $181.82 and its two-hundred day moving average is $195.09. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10.

Avery Dennison (NYSE:AVY) last issued its 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 return on equity of 33.06% and a net margin of 8.05%. As a group, research analysts anticipate that Avery Dennison Co. will post 9.96 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.88 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.52 dividend on an annualized basis and a yield of 2.07%. Avery Dennison’s dividend payout ratio is presently 40.37%.

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.