Robeco Schweiz AG Purchases 132 Shares of Avery Dennison Corporation (NYSE:AVY)

Robeco Schweiz AG lifted its position in shares of Avery Dennison Corporation (NYSE:AVY) by 11.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,271 shares of the industrial products company’s stock after acquiring an additional 132 shares during the quarter. Robeco Schweiz AG’s holdings in Avery Dennison were worth $226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank & Trust purchased a new stake in Avery Dennison during the 1st quarter worth about $49,000. Grove Bank & Trust lifted its holdings in Avery Dennison by 17.7% during the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 59 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of Avery Dennison in the 1st quarter valued at about $71,000. Assetmark Inc. raised its holdings in shares of Avery Dennison by 22.5% in the 4th quarter. Assetmark Inc. now owns 397 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 73 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Avery Dennison by 49.8% in the 4th quarter. Farther Finance Advisors LLC now owns 409 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

AVY has been the topic of several recent analyst reports. Truist Financial lowered their price target on Avery Dennison from $215.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on Avery Dennison in a report on Tuesday, April 22nd. They issued a “hold” rating and a $175.00 price target on the stock. BMO Capital Markets lowered their price target on Avery Dennison from $226.00 to $216.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Argus cut Avery Dennison from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. Finally, Raymond James Financial decreased their price objective on Avery Dennison from $208.00 to $194.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $196.90.

Avery Dennison Price Performance

Shares of Avery Dennison stock opened at $182.20 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.03 and a quick ratio of 0.68. The business’s 50 day simple moving average is $178.65 and its two-hundred day simple moving average is $179.91. The stock has a market capitalization of $14.24 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.87. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $233.48.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.02). The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Avery Dennison had a return on equity of 33.11% and a net margin of 7.98%. Avery Dennison’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $2.29 earnings per share. Analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.94 dividend. This is a boost from Avery Dennison’s previous quarterly dividend of $0.88. This represents a $3.76 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Wednesday, June 4th. Avery Dennison’s payout ratio is 43.32%.

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.