Prospera Monetary Providers Inc trimmed its stake in Avery Dennison Co. (NYSE:AVY – Free Report) by 4.5% within the third quarter, in response to its most up-to-date Type 13F submitting with the Securities and Alternate Fee. The agency owned 3,209 shares of the economic merchandise firm’s inventory after promoting 150 shares in the course of the quarter. Prospera Monetary Providers Inc’s holdings in Avery Dennison have been value $709,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional traders have additionally lately purchased and offered shares of AVY. Cetera Funding Advisers elevated its place in Avery Dennison by 195.2% within the 1st quarter. Cetera Funding Advisers now owns 17,863 shares of the economic merchandise firm’s inventory valued at $3,988,000 after shopping for a further 11,811 shares within the final quarter. SG Americas Securities LLC elevated its holdings in shares of Avery Dennison by 86.5% in the course of the second quarter. SG Americas Securities LLC now owns 32,538 shares of the economic merchandise firm’s inventory valued at $7,114,000 after buying a further 15,092 shares within the final quarter. McElhenny Sheffield Capital Administration LLC acquired a brand new place in shares of Avery Dennison in the course of the second quarter value roughly $543,000. Swedbank AB lifted its holdings in shares of Avery Dennison by 1.0% within the 2nd quarter. Swedbank AB now owns 462,083 shares of the economic merchandise firm’s inventory value $101,034,000 after buying a further 4,673 shares within the final quarter. Lastly, Jane Road Group LLC grew its place in Avery Dennison by 11.0% within the 1st quarter. Jane Road Group LLC now owns 47,420 shares of the economic merchandise firm’s inventory valued at $10,587,000 after buying a further 4,697 shares in the course of the interval. 94.17% of the inventory is owned by institutional traders.
Avery Dennison Buying and selling Up 1.5 %
Shares of AVY inventory opened at $202.59 on Friday. The corporate has a 50 day shifting common of $210.78 and a 200-day shifting common of $216.80. Avery Dennison Co. has a 12-month low of $187.93 and a 12-month excessive of $233.48. The agency has a market cap of $16.28 billion, a P/E ratio of 24.32, a PEG ratio of 1.53 and a beta of 0.89. The corporate has a fast ratio of 0.62, a present ratio of 0.92 and a debt-to-equity ratio of 0.85.
Avery Dennison (NYSE:AVY – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, October twenty third. The commercial merchandise firm reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.01. Avery Dennison had a return on fairness of 33.01% and a web margin of seven.76%. The agency had income of $2.18 billion for the quarter, in comparison with analysts’ expectations of $2.20 billion. Throughout the identical quarter within the prior yr, the agency earned $2.10 EPS. The enterprise’s income for the quarter was up 4.1% in comparison with the identical quarter final yr. Promote-side analysts anticipate that Avery Dennison Co. will put up 9.42 earnings per share for the present yr.
Avery Dennison Proclaims Dividend
The enterprise additionally lately disclosed a quarterly dividend, which might be paid on Wednesday, December 18th. Traders of document on Wednesday, December 4th might be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $3.52 dividend on an annualized foundation and a yield of 1.74%. Avery Dennison’s dividend payout ratio (DPR) is 42.26%.
Analyst Upgrades and Downgrades
Numerous brokerages have lately issued studies on AVY. BMO Capital Markets diminished their value goal on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” ranking for the corporate in a report on Thursday, October twenty fourth. Barclays lowered their value goal on Avery Dennison from $250.00 to $245.00 and set an “obese” ranking for the corporate in a analysis be aware on Monday, October twenty eighth. Citigroup decreased their value goal on Avery Dennison from $241.00 to $240.00 and set a “impartial” ranking for the corporate in a report on Wednesday, October 2nd. JPMorgan Chase & Co. minimize Avery Dennison from an “obese” ranking to a “impartial” ranking and dropped their value goal for the corporate from $230.00 to $210.00 in a analysis be aware on Thursday, October twenty fourth. Lastly, Financial institution of America raised shares of Avery Dennison from an “underperform” ranking to a “purchase” ranking and raised their value goal for the corporate from $207.00 to $250.00 in a analysis report on Thursday, October seventeenth. 4 equities analysis analysts have rated the inventory with a maintain ranking and eight have assigned a purchase ranking to the inventory. Based mostly on knowledge from MarketBeat.com, the inventory has a mean ranking of “Average Purchase” and a mean value goal of $244.96.
View Our Newest Evaluation on AVY
Avery Dennison Firm Profile
Avery Dennison Company operates as a supplies science and digital identification options firm in the USA, Europe, the Center East, North Africa, Asia, Latin, America, and internationally. It gives pressure-sensitive supplies comprising papers, plastic movies, metallic foils, and materials; efficiency tapes merchandise, together with tapes for wire harnessing, in addition to cable wrapping for automotive, electrical, and basic industrial purposes; mechanical fasteners, that are precision-extruded and injection-molded plastic units utilized in numerous automotive, basic industrial, and retail purposes; and different pressure-sensitive adhesive-based supplies and transformed merchandise below the Fasson, JAC, Yongle, and Avery Dennison manufacturers.
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