Universal Beteiligungs und Servicegesellschaft mbH Purchases 10,825 Shares of Avery Dennison Corporation $AVY

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Avery Dennison Corporation (NYSE:AVY) by 10.2% in the third quarter, Holdings Channel reports. The fund owned 117,432 shares of the industrial products company’s stock after purchasing an additional 10,825 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Avery Dennison were worth $19,044,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Avery Dennison during the 3rd quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC increased its holdings in Avery Dennison by 89.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. NewSquare Capital LLC raised its position in Avery Dennison by 156.2% in the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 114 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Avery Dennison during the 2nd quarter worth $35,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Avery Dennison during the 2nd quarter valued at $37,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup raised their target price on Avery Dennison from $180.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Argus set a $200.00 price objective on Avery Dennison in a research note on Tuesday, October 28th. Truist Financial boosted their price objective on Avery Dennison from $213.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $182.00 to $195.00 in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.36.

Avery Dennison Stock Performance

NYSE:AVY opened at $187.39 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 3.14 and a beta of 1.00. Avery Dennison Corporation has a 1 year low of $156.23 and a 1 year high of $196.40. The stock’s 50 day simple moving average is $179.77 and its two-hundred day simple moving average is $173.93.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.05. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the business posted $2.33 earnings per share. Avery Dennison’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Avery Dennison Corporation will post 9.96 earnings per share for the current fiscal year.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.