Avery Dennison Co. (NYSE:AVY) Shares Sold by Swedbank AB

Swedbank AB lessened its holdings in Avery Dennison Co. (NYSE:AVY) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,432 shares of the industrial products company’s stock after selling 2,527 shares during the quarter. Swedbank AB owned about 0.38% of Avery Dennison worth $56,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVY. Larson Financial Group LLC increased its holdings in Avery Dennison by 100.0% in the 3rd 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 during the period. Kennebec Savings Bank purchased a new stake in Avery Dennison in the 3rd quarter worth approximately $36,000. Peterson Financial Group Inc. purchased a new stake in Avery Dennison in the 3rd quarter worth approximately $39,000. Raleigh Capital Management Inc. boosted its position in Avery Dennison by 1,400.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 238 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Avery Dennison in the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Insider Activity at Avery Dennison

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the sale, the senior vice president now directly owns 7,126 shares of the company’s stock, valued at $1,467,956. This trade represents a 34.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on AVY shares. StockNews.com lowered Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. UBS Group lowered their price objective on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America decreased their target price on 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 Avery Dennison from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $230.00 to $210.00 in a research report on Thursday, October 24th. Finally, Citigroup decreased their target price on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $235.05.

Avery Dennison Stock Down 0.3 %

NYSE AVY opened at $192.67 on Thursday. The business has a fifty day moving average price of $193.97 and a 200 day moving average price of $206.61. Avery Dennison Co. has a one year low of $181.99 and a one year high of $233.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.92. The company has a market cap of $15.48 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.36 and a beta of 0.89.

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.