Blue Trust Inc. Has $515,000 Stock Position in Avery Dennison Co. (NYSE:AVY)

Blue Trust Inc. lifted its holdings in Avery Dennison Co. (NYSE:AVY) by 7.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,752 shares of the industrial products company’s stock after acquiring an additional 182 shares during the period. Blue Trust Inc.’s holdings in Avery Dennison were worth $515,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Avery Dennison by 25.1% during the second quarter. AQR Capital Management LLC now owns 14,058 shares of the industrial products company’s stock worth $3,074,000 after purchasing an additional 2,819 shares during the period. Millennium Management LLC increased its stake in Avery Dennison by 10.6% during the 2nd quarter. Millennium Management LLC now owns 68,885 shares of the industrial products company’s stock worth $15,062,000 after acquiring an additional 6,627 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Avery Dennison by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,296 shares of the industrial products company’s stock valued at $11,435,000 after acquiring an additional 2,774 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Avery Dennison by 9.6% during the 2nd quarter. Mackenzie Financial Corp now owns 12,408 shares of the industrial products company’s stock valued at $2,713,000 after acquiring an additional 1,090 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of Avery Dennison by 21.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 1,134 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 201 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Activity at Avery Dennison

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

Avery Dennison Stock Performance

Shares of AVY stock opened at $182.67 on Friday. The business’s 50-day moving average price is $193.87 and its 200-day moving average price is $206.51. Avery Dennison Co. has a 12 month low of $179.20 and a 12 month 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 firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.36 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. Equities research analysts forecast that Avery Dennison Co. will post 9.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup reduced their price target on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Bank of America lowered their price objective 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. Truist Financial reduced their target price on Avery Dennison from $258.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, BMO Capital Markets lowered their price target on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.05.

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.