Northwest & Ethical Investments L.P. Has $904,000 Stock Position in Avery Dennison Co. (NYSE:AVY)

Northwest & Ethical Investments L.P. lowered its position in Avery Dennison Co. (NYSE:AVY) by 17.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,093 shares of the industrial products company’s stock after selling 858 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Avery Dennison were worth $904,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new position in Avery Dennison in the second quarter worth $28,000. Larson Financial Group LLC lifted 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 worth $31,000 after acquiring an additional 71 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Avery Dennison during the 3rd quarter valued at about $36,000. Peterson Financial Group Inc. bought a new stake in Avery Dennison in the third quarter valued at about $39,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Avery Dennison in the second quarter worth about $42,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Buying and Selling

In other news, SVP Nicholas Colisto sold 3,679 shares of the firm’s 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 transaction, the senior vice president now owns 7,126 shares of the company’s stock, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVY. Bank of America upgraded Avery Dennison from an “underperform” rating to a “buy” rating and upped their price objective for the company from $207.00 to $250.00 in a research note on Thursday, October 17th. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets cut their price objective on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Barclays lowered their target price on shares of Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. downgraded shares of Avery Dennison from an “overweight” rating to a “neutral” rating and cut their price target for the company from $230.00 to $210.00 in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.96.

Avery Dennison Trading Up 0.4 %

Shares of NYSE AVY opened at $205.89 on Friday. Avery Dennison Co. has a 1-year low of $190.04 and a 1-year high of $233.48. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $209.80 and a two-hundred day moving average of $216.12. The company has a market cap of $16.54 billion, a PE ratio of 24.72, a P/E/G ratio of 1.58 and a beta of 0.89.

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

Avery Dennison Announces Dividend

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

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.