Cwm LLC Sells 1,086 Shares of Avery Dennison Co. (NYSE:AVY)

Cwm LLC lowered its stake in Avery Dennison Co. (NYSE:AVY) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,509 shares of the industrial products company’s stock after selling 1,086 shares during the quarter. Cwm LLC’s holdings in Avery Dennison were worth $912,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Avery Dennison during the 3rd quarter valued at $32,000. Milestone Investment Advisors LLC bought a new position in shares of Avery Dennison during the third quarter valued at about $36,000. Anchor Investment Management LLC purchased a new stake in shares of Avery Dennison during the fourth quarter worth about $42,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Avery Dennison by 164.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 166 shares during the last quarter. Finally, Adirondack Trust Co. purchased a new position in Avery Dennison during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AVY shares. StockNews.com upgraded Avery Dennison from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. Citigroup lifted their price target on shares of Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. UBS Group upped their price objective on shares of Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Robert W. Baird lifted their target price on shares of Avery Dennison from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Truist Financial increased their price target on shares of Avery Dennison from $248.00 to $253.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insider Buying and Selling at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 8,168 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $217.36, for a total value of $1,775,396.48. Following the transaction, the chairman now owns 321,487 shares in the company, valued at $69,878,414.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Avery Dennison news, SVP Ignacio J. Walker sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $213.90, for a total value of $1,069,500.00. Following the completion of the transaction, the senior vice president now owns 6,102 shares of the company’s stock, valued at approximately $1,305,217.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mitchell R. Butier sold 8,168 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $217.36, for a total transaction of $1,775,396.48. Following the sale, the chairman now directly owns 321,487 shares in the company, valued at approximately $69,878,414.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,879 shares of company stock worth $4,217,705. 1.10% of the stock is owned by corporate insiders.

Avery Dennison Price Performance

Shares of AVY opened at $219.03 on Monday. The firm’s 50-day simple moving average is $215.71 and its two-hundred day simple moving average is $200.58. Avery Dennison Co. has a fifty-two week low of $158.93 and a fifty-two week high of $225.26. The stock has a market cap of $17.64 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.69 and a current ratio of 0.87.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, hitting the consensus estimate of $2.16. Avery Dennison had a return on equity of 32.59% and a net margin of 6.56%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Avery Dennison Co. will post 9.26 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.61%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.81. The ex-dividend date is Wednesday, June 5th. Avery Dennison’s dividend payout ratio is 51.39%.

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.