5,000 Shares in Avery Dennison Corporation (AVY) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) during the second quarter, Holdings Channel reports. The firm purchased 5,000 shares of the industrial products company’s stock, valued at approximately $442,000.

A number of other hedge funds have also made changes to their positions in the stock. Huntington National Bank raised its stake in shares of Avery Dennison Corporation by 30.7% in the first quarter. Huntington National Bank now owns 5,530 shares of the industrial products company’s stock worth $446,000 after buying an additional 1,300 shares during the period. Sky Investment Group LLC raised its stake in shares of Avery Dennison Corporation by 1.4% in the first quarter. Sky Investment Group LLC now owns 7,045 shares of the industrial products company’s stock worth $568,000 after buying an additional 100 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Avery Dennison Corporation by 18.7% in the first quarter. Nisa Investment Advisors LLC now owns 33,556 shares of the industrial products company’s stock worth $2,705,000 after buying an additional 5,283 shares during the period. Private Trust Co. NA raised its stake in shares of Avery Dennison Corporation by 0.3% in the first quarter. Private Trust Co. NA now owns 5,299 shares of the industrial products company’s stock worth $427,000 after buying an additional 15 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in shares of Avery Dennison Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 29,349 shares of the industrial products company’s stock worth $2,365,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 87.37% of the company’s stock.

Avery Dennison Corporation (NYSE AVY) opened at 94.02 on Monday. The firm’s 50-day moving average is $85.03 and its 200-day moving average is $79.72. Avery Dennison Corporation has a 12-month low of $68.55 and a 12-month high of $94.31. The stock has a market capitalization of $8.33 billion, a P/E ratio of 24.69 and a beta of 1.18.

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Avery Dennison Corporation (NYSE:AVY) last issued its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.07. Avery Dennison Corporation had a return on equity of 38.48% and a net margin of 5.56%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company earned $0.94 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Analysts predict that Avery Dennison Corporation will post $4.60 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, June 5th. This is an increase from Avery Dennison Corporation’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 1.91%. Avery Dennison Corporation’s dividend payout ratio (DPR) is presently 47.37%.

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A number of analysts have commented on the stock. BidaskClub upgraded shares of Avery Dennison Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Wednesday, June 21st. Bank of America Corporation upgraded shares of Avery Dennison Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $90.00 to $96.00 in a research note on Tuesday, June 20th. Aegis restated a “hold” rating on shares of Avery Dennison Corporation in a research note on Thursday, June 1st. Finally, Barclays PLC restated an “overweight” rating and set a $96.00 price target (up previously from $95.00) on shares of Avery Dennison Corporation in a research note on Monday, May 1st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $88.40.

In other news, Director Anthony Anderson sold 950 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $84.42, for a total transaction of $80,199.00. Following the completion of the transaction, the director now directly owns 7,492 shares in the company, valued at $632,474.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Deon Stander sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $84.50, for a total value of $422,500.00. Following the transaction, the vice president now owns 10,998 shares of the company’s stock, valued at $929,331. The disclosure for this sale can be found here. Insiders have sold 12,198 shares of company stock valued at $1,034,716 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

About Avery Dennison Corporation

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).

Want to see what other hedge funds are holding AVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avery Dennison Corporation (NYSE:AVY).

Institutional Ownership by Quarter for Avery Dennison Corporation (NYSE:AVY)

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