Robeco Institutional Asset Management B.V. Acquires 2,720 Shares of Avery Dennison Co. (NYSE:AVY)

Robeco Institutional Asset Management B.V. raised its position in Avery Dennison Co. (NYSE:AVY) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 99,609 shares of the industrial products company’s stock after buying an additional 2,720 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Avery Dennison were worth $18,640,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of Avery Dennison by 100.0% in the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Kennebec Savings Bank acquired a new stake in Avery Dennison during the 3rd quarter worth $36,000. Peterson Financial Group Inc. acquired a new stake in Avery Dennison during the 3rd quarter worth $39,000. Raleigh Capital Management Inc. raised its stake in 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 worth $56,000 after buying an additional 238 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Avery Dennison during the 3rd quarter worth $66,000. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Trading Up 1.8 %

Avery Dennison stock opened at $185.85 on Friday. The stock has a 50-day simple moving average of $193.54 and a 200 day simple moving average of $206.34. 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 stock has a market capitalization of $14.93 billion, a P/E ratio of 22.31, a PEG ratio of 1.38 and a beta of 0.89. Avery Dennison Co. has a 52 week low of $179.20 and a 52 week high of $233.48.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. Analysts expect that Avery Dennison Co. will post 9.41 earnings per share for the current year.

Avery Dennison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.52 annualized dividend and a yield of 1.89%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.26%.

Insiders Place Their Bets

In other news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AVY. Bank of America lowered their target price on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a report on Monday, January 6th. UBS Group lowered their target price on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Citigroup lowered their target price on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a report on Monday, January 6th. BMO Capital Markets decreased their price objective on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $210.00 to $205.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus target price of $228.96.

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.