11,758 Shares in Avery Dennison Corporation $AVY Acquired by StoneX Group Inc.

StoneX Group Inc. purchased a new position in Avery Dennison Corporation (NYSE:AVY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,758 shares of the industrial products company’s stock, valued at approximately $2,007,000.

Several other institutional investors and hedge funds have also modified their holdings of AVY. BlackRock Inc. purchased a new stake in shares of Avery Dennison in the 2nd quarter worth $1,052,464,000. Ninety One UK Ltd purchased a new position in Avery Dennison during the third quarter valued at $341,344,000. Robeco Institutional Asset Management B.V. lifted its position in Avery Dennison by 2,376.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 984,976 shares of the industrial products company’s stock valued at $168,106,000 after purchasing an additional 945,195 shares in the last quarter. Bank of America Corp DE bought a new stake in Avery Dennison during the second quarter valued at about $142,169,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Avery Dennison during the second quarter valued at about $118,728,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Andres Alberto Lopez sold 4,000 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $193.80, for a total value of $775,200.00. Following the transaction, the director owned 1,147 shares of the company’s stock, valued at approximately $222,288.60. The trade was a 77.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nicholas Colisto sold 3,886 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $170.68, for a total transaction of $663,262.48. Following the transaction, the senior vice president owned 7,126 shares of the company’s stock, valued at approximately $1,216,265.68. This represents a 35.29% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Truist Financial reduced their price target on Avery Dennison from $209.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Weiss Ratings raised Avery Dennison from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Avery Dennison from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Bank of America reissued a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. Finally, Jefferies Financial Group restated a “hold” rating and set a $181.00 target price on shares of Avery Dennison in a research note on Monday, September 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.10.

Avery Dennison Trading Up 0.0%

Shares of AVY stock opened at $186.81 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.80 and a current ratio of 1.16. The stock has a fifty day simple moving average of $174.92 and a two-hundred day simple moving average of $172.32. The firm has a market capitalization of $14.11 billion, a PE ratio of 20.22, a PEG ratio of 2.20 and a beta of 0.77. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Thursday, October 29th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.32 by $0.10. Avery Dennison had a return on equity of 33.88% and a net margin of 7.56%. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the business earned $2.37 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Avery Dennison Corporation will post 10.17 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, December 2nd. Avery Dennison’s dividend payout ratio is presently 43.29%.

About Avery Dennison

Avery Dennison is a global materials science and digital identification solutions company. Its products include pressure-sensitive labels and adhesives, packaging materials, and graphic films used in applications such as product labeling, vehicle graphics, and building signage.

The company also develops technologies that help businesses identify and track products, including RFID inlays and tags, which can support inventory management and supply-chain visibility. Its solutions serve customers across industries such as apparel, food and beverage, logistics, healthcare, and retail.

Founded in 1935 by R.