Calamos Advisors LLC Has $10.55 Million Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Calamos Advisors LLC cut its stake in shares of Avery Dennison Co. (NYSE:AVY) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,182 shares of the industrial products company’s stock after selling 681 shares during the period. Calamos Advisors LLC owned 0.06% of Avery Dennison worth $10,549,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. New York Life Investment Management LLC raised its stake in Avery Dennison by 0.5% in the third quarter. New York Life Investment Management LLC now owns 11,454 shares of the industrial products company’s stock valued at $2,092,000 after buying an additional 58 shares during the period. Signaturefd LLC increased its stake in shares of Avery Dennison by 25.5% during the third quarter. Signaturefd LLC now owns 300 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 61 shares during the period. Advisor Partners II LLC increased its stake in shares of Avery Dennison by 1.9% during the third quarter. Advisor Partners II LLC now owns 3,342 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 63 shares during the period. Yousif Capital Management LLC increased its stake in shares of Avery Dennison by 0.5% during the first quarter. Yousif Capital Management LLC now owns 12,732 shares of the industrial products company’s stock worth $2,215,000 after purchasing an additional 65 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Avery Dennison by 56.3% during the second quarter. IFP Advisors Inc now owns 200 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 72 shares during the period. Institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Julia A. Stewart sold 5,311 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the transaction, the director now directly owns 5,018 shares of the company’s stock, valued at approximately $1,014,940.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Ignacio J. Walker sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $213.90, for a total transaction of $1,069,500.00. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at approximately $1,305,217.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julia A. Stewart sold 5,311 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $202.26, for a total value of $1,074,202.86. Following the transaction, the director now directly owns 5,018 shares of the company’s stock, valued at $1,014,940.68. The disclosure for this sale can be found here. Insiders sold a total of 19,879 shares of company stock valued at $4,217,705 in the last three months. Insiders own 1.10% of the company’s stock.

Avery Dennison Trading Up 1.1 %

NYSE AVY opened at $211.57 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.04 and a debt-to-equity ratio of 1.23. Avery Dennison Co. has a twelve month low of $158.93 and a twelve month high of $225.26. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. The business’s fifty day moving average is $214.97 and its 200 day moving average is $199.27.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, meeting the consensus estimate of $2.16. Avery Dennison had a return on equity of 30.97% and a net margin of 6.01%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the business posted $1.65 EPS. Avery Dennison’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Avery Dennison Co. will post 9.28 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, March 5th. Avery Dennison’s dividend payout ratio is currently 52.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Avery Dennison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Truist Financial restated a “buy” rating and set a $249.00 price objective on shares of Avery Dennison in a research note on Friday, January 19th. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $185.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. UBS Group raised their target price on Avery Dennison from $225.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Raymond James raised their target price on Avery Dennison from $199.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $221.00.

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.