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

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.

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

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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