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Avery Dennison Corporation (NYSE:AVY) Shares Acquired by Regents Gate Capital LLP

Avery Dennison logo with Industrials background

Regents Gate Capital LLP raised its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 25,066.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,332 shares of the industrial products company's stock after purchasing an additional 50,132 shares during the quarter. Avery Dennison accounts for approximately 3.8% of Regents Gate Capital LLP's portfolio, making the stock its 12th largest position. Regents Gate Capital LLP owned about 0.06% of Avery Dennison worth $8,958,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Avery Dennison during the fourth quarter worth about $188,643,000. GAMMA Investing LLC boosted its holdings in shares of Avery Dennison by 19,370.0% in the 1st quarter. GAMMA Investing LLC now owns 428,730 shares of the industrial products company's stock valued at $76,301,000 after purchasing an additional 426,528 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Avery Dennison by 905.0% in the 1st quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company's stock valued at $57,503,000 after purchasing an additional 291,848 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Avery Dennison in the fourth quarter valued at about $51,521,000. Finally, Ameriprise Financial Inc. lifted its holdings in Avery Dennison by 12.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock worth $409,014,000 after buying an additional 250,359 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

AVY has been the topic of several research reports. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Argus lowered shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. BMO Capital Markets decreased their target price on shares of Avery Dennison from $226.00 to $216.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group started coverage on shares of Avery Dennison in a research report on Tuesday, April 22nd. They set a "hold" rating and a $175.00 target price on the stock. Finally, Truist Financial cut their target price on shares of Avery Dennison from $215.00 to $210.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $206.60.

Get Our Latest Stock Report on Avery Dennison

Avery Dennison Trading Up 1.0%

NYSE AVY opened at $182.13 on Wednesday. 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 company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.89 and a beta of 0.87. The company's 50-day simple moving average is $177.89 and its two-hundred day simple moving average is $179.96. Avery Dennison Corporation has a one year low of $157.00 and a one year high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $2.30 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.02). The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Avery Dennison had a net margin of 7.98% and a return on equity of 33.11%. The business's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.29 earnings per share. Equities analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Avery Dennison's previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, June 4th. Avery Dennison's dividend payout ratio is presently 43.32%.

Avery Dennison Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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