Diversified Trust Co maintained its position in Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,414 shares of the industrial products company’s stock at the end of the second quarter. Avery Dennison Corporation makes up approximately 0.4% of Diversified Trust Co’s investment portfolio, making the stock its 28th largest position. Diversified Trust Co owned 0.07% of Avery Dennison Corporation worth $5,516,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new position in Avery Dennison Corporation during the first quarter worth approximately $105,000. Van ECK Associates Corp raised its position in Avery Dennison Corporation by 7.7% in the first quarter. Van ECK Associates Corp now owns 1,322 shares of the industrial products company’s stock worth $107,000 after buying an additional 94 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Avery Dennison Corporation by 21.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,737 shares of the industrial products company’s stock worth $140,000 after buying an additional 303 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Avery Dennison Corporation during the first quarter worth approximately $171,000. Finally, Mn Services Vermogensbeheer B.V. raised its position in Avery Dennison Corporation by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,373 shares of the industrial products company’s stock worth $179,000 after buying an additional 107 shares during the period. Institutional investors own 87.60% of the company’s stock.
Avery Dennison Corporation (NYSE:AVY) traded up 1.19% on Friday, hitting $93.02. 502,965 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $91.80 and a 200-day moving average price of $84.00. The stock has a market cap of $8.22 billion, a P/E ratio of 21.85 and a beta of 1.18. Avery Dennison Corporation has a 12 month low of $68.55 and a 12 month high of $96.70.
Avery Dennison Corporation (NYSE:AVY) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.10. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. Avery Dennison Corporation’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that Avery Dennison Corporation will post $4.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.94%. Avery Dennison Corporation’s payout ratio is 42.25%.
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AVY has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Monday, May 22nd. Bank of America Corporation upgraded shares of Avery Dennison Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $96.00 in a research report on Tuesday, June 20th. Citigroup Inc. raised their price objective on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. BidaskClub lowered shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Aegis reaffirmed a “hold” rating on shares of Avery Dennison Corporation in a research note on Thursday, June 1st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $91.67.
In other Avery Dennison Corporation news, VP Deon Stander sold 5,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $84.50, for a total value of $422,500.00. Following the sale, the vice president now owns 10,998 shares in the company, valued at $929,331. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick Siewert sold 10,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $93.63, for a total value of $936,300.00. Following the completion of the sale, the director now owns 10,519 shares in the company, valued at approximately $984,893.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,198 shares of company stock worth $1,971,016. Insiders own 1.40% of the company’s stock.
Avery Dennison Corporation Company Profile
Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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