Y Intercept Hong Kong Ltd Lowers Stake in Avery Dennison Corporation $AVY

Y Intercept Hong Kong Ltd lessened its holdings in Avery Dennison Corporation (NYSE:AVY) by 47.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,564 shares of the industrial products company’s stock after selling 3,161 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Avery Dennison were worth $578,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC increased its position in Avery Dennison by 16.6% during the 2nd quarter. Strengthening Families & Communities LLC now owns 408 shares of the industrial products company’s stock valued at $73,000 after buying an additional 58 shares in the last quarter. Resources Management Corp CT ADV boosted its holdings in Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock worth $1,369,000 after acquiring an additional 62 shares in the last quarter. Bill Few Associates Inc. increased its holdings in shares of Avery Dennison by 0.5% during the second quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company’s stock valued at $2,341,000 after acquiring an additional 67 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avery Dennison by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,547 shares of the industrial products company’s stock valued at $798,000 after acquiring an additional 79 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Avery Dennison by 89.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 80 shares during the last quarter. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Trading Down 0.2%

Shares of NYSE:AVY opened at $186.71 on Wednesday. The stock’s 50-day simple moving average is $182.20 and its two-hundred day simple moving average is $174.10. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 3.14 and a beta of 1.00. Avery Dennison Corporation has a 52-week low of $156.23 and a 52-week high of $190.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AVY shares. Truist Financial increased their price target on shares of Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Citigroup upped their price objective on Avery Dennison from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Argus set a $200.00 target price on Avery Dennison in a report on Tuesday, October 28th. UBS Group raised Avery Dennison from a “neutral” rating to a “buy” rating and upped their price target for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.36.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.