Regents Gate Capital LLP Grows Position in Avery Dennison Corporation (NYSE:AVY)

Regents Gate Capital LLP increased its stake in Avery Dennison Corporation (NYSE:AVY - Free Report) by 25,066.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,332 shares of the industrial products company's stock after buying an additional 50,132 shares during the period. Avery Dennison accounts for about 3.8% of Regents Gate Capital LLP's portfolio, making the stock its 12th largest position. Regents Gate Capital LLP owned 0.06% of Avery Dennison worth $8,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Greenleaf Trust increased its position in Avery Dennison by 36.2% during the 1st quarter. Greenleaf Trust now owns 1,842 shares of the industrial products company's stock valued at $328,000 after purchasing an additional 490 shares during the period. Brown Advisory Inc. increased its position in Avery Dennison by 3.6% during the 1st quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 76 shares during the period. Abound Financial LLC purchased a new position in Avery Dennison during the 1st quarter valued at about $71,000. Penserra Capital Management LLC increased its position in Avery Dennison by 2,049.5% during the 1st quarter. Penserra Capital Management LLC now owns 4,385 shares of the industrial products company's stock valued at $779,000 after purchasing an additional 4,181 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in Avery Dennison by 3.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,257 shares of the industrial products company's stock valued at $936,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analysts Set New Price Targets

AVY has been the topic of a number of analyst reports. Wall Street Zen raised shares of Avery Dennison from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Robert W. Baird cut their price objective on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Raymond James Financial cut their price objective on shares of Avery Dennison from $208.00 to $194.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on shares of Avery Dennison in a research report on Tuesday, April 22nd. They issued a "hold" rating and a $175.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Avery Dennison from $225.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Avery Dennison presently has an average rating of "Moderate Buy" and an average price target of $205.51.

Avery Dennison Stock Performance

Shares of AVY traded up $1.11 during trading hours on Wednesday, hitting $183.35. The stock had a trading volume of 549,248 shares, compared to its average volume of 649,178. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.68 and a current ratio of 1.03. The firm has a 50-day moving average price of $177.89 and a 200 day moving average price of $179.96. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $233.48. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.89 and a beta of 0.87.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.02). Avery Dennison had a net margin of 7.98% and a return on equity of 33.11%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts anticipate 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. Investors of record on Wednesday, June 4th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.05%. The ex-dividend date was Wednesday, June 4th. This is a positive change from Avery Dennison's previous quarterly dividend of $0.88. Avery Dennison's payout ratio is presently 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.