Decker Retirement Planning Inc. Acquires New Holdings in Avery Dennison Co. (NYSE:AVY)

Decker Retirement Planning Inc. bought a new position in Avery Dennison Co. (NYSE:AVY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 500 shares of the industrial products company’s stock, valued at approximately $94,000.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Avery Dennison by 100.0% in the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after buying an additional 71 shares in the last quarter. Kennebec Savings Bank bought a new position in Avery Dennison in the 3rd quarter worth about $36,000. Peterson Financial Group Inc. purchased a new stake in shares of Avery Dennison in the 3rd quarter valued at about $39,000. Raleigh Capital Management Inc. boosted its position in shares of Avery Dennison by 1,400.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 238 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Avery Dennison during the third quarter worth about $66,000. 94.17% of the stock is owned by institutional investors.

Insider Activity at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AVY has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Truist Financial decreased their price objective on Avery Dennison from $258.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America reduced their price target on shares of Avery Dennison from $238.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered shares of Avery Dennison from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $230.00 to $210.00 in a report on Thursday, October 24th. Finally, BMO Capital Markets reduced their price objective on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $235.05.

Avery Dennison Trading Up 0.4 %

AVY opened at $191.04 on Friday. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.29 and a beta of 0.89. Avery Dennison Co. has a one year low of $181.99 and a one year high of $233.48. The business has a 50 day simple moving average of $195.36 and a two-hundred day simple moving average of $208.06. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62.

Avery Dennison (NYSE:AVY) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.01. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business posted $2.10 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts predict that Avery Dennison Co. will post 9.41 EPS for the current year.

Avery Dennison Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.84%. Avery Dennison’s dividend payout ratio (DPR) is 42.26%.

Avery Dennison Company 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.