Oregon Public Employees Retirement Fund Has $2.11 Million Stake in Avery Dennison Corporation (AVY)

Oregon Public Employees Retirement Fund lifted its position in Avery Dennison Corporation (NYSE:AVY) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,499 shares of the industrial products company’s stock after buying an additional 1,508 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Avery Dennison Corporation were worth $2,114,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AVY. Xact Kapitalforvaltning AB grew its position in shares of Avery Dennison Corporation by 2.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 15,170 shares of the industrial products company’s stock worth $1,341,000 after buying an additional 359 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Avery Dennison Corporation in the 2nd quarter worth approximately $442,000. Creative Planning grew its position in shares of Avery Dennison Corporation by 10.4% in the 2nd quarter. Creative Planning now owns 3,122 shares of the industrial products company’s stock worth $276,000 after buying an additional 293 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its position in shares of Avery Dennison Corporation by 0.9% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 131,598 shares of the industrial products company’s stock worth $11,629,000 after buying an additional 1,206 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Avery Dennison Corporation by 511.3% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 14,507 shares of the industrial products company’s stock worth $1,282,000 after buying an additional 12,134 shares during the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

In other Avery Dennison Corporation news, Director David E. I. Pyott sold 298 shares of Avery Dennison Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $94.00, for a total transaction of $28,012.00. Following the completion of the sale, the director now directly owns 16,601 shares in the company, valued at approximately $1,560,494. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David E. I. Pyott sold 2,000 shares of Avery Dennison Corporation stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00. Following the sale, the director now owns 16,601 shares of the company’s stock, valued at $1,560,494. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,047 shares of company stock valued at $14,824,481. Company insiders own 1.40% of the company’s stock.

A number of analysts recently commented on the stock. Robert W. Baird reiterated a “buy” rating and issued a $100.00 target price on shares of Avery Dennison Corporation in a research note on Friday, September 1st. Loop Capital assumed coverage on shares of Avery Dennison Corporation in a research note on Thursday, September 28th. They issued a “hold” rating and a $99.00 target price for the company. Zacks Investment Research upgraded shares of Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Tuesday, November 7th. Barclays PLC lifted their target price on shares of Avery Dennison Corporation from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Finally, J P Morgan Chase & Co cut shares of Avery Dennison Corporation from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $105.71.

Shares of Avery Dennison Corporation (NYSE AVY) opened at $105.19 on Monday. The company has a market cap of $9,260.00, a P/E ratio of 22.52, a P/E/G ratio of 3.05 and a beta of 1.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 0.82. Avery Dennison Corporation has a 12 month low of $68.93 and a 12 month high of $108.99.

Avery Dennison Corporation (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.21 by $0.05. Avery Dennison Corporation had a net margin of 6.27% and a return on equity of 40.52%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business posted $1.01 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. analysts anticipate that Avery Dennison Corporation will post 4.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, December 5th. Avery Dennison Corporation’s payout ratio is 40.18%.

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Avery Dennison Corporation Company Profile

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

Institutional Ownership by Quarter for Avery Dennison Corporation (NYSE:AVY)

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