Regents Gate Capital LLP Increases Stock Holdings in Avery Dennison Corporation (NYSE:AVY)

Regents Gate Capital LLP lifted 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 filing with the Securities & Exchange Commission. The fund owned 50,332 shares of the industrial products company's stock after buying an additional 50,132 shares during the period. Avery Dennison makes up about 3.8% of Regents Gate Capital LLP's portfolio, making the stock its 12th largest position. Regents Gate Capital LLP owned approximately 0.06% of Avery Dennison worth $8,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVY. Vanguard Group Inc. boosted its stake in Avery Dennison by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 9,681,709 shares of the industrial products company's stock worth $1,811,738,000 after purchasing an additional 33,149 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Avery Dennison by 3.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,225,309 shares of the industrial products company's stock worth $790,683,000 after purchasing an additional 150,572 shares in the last quarter. Ameriprise Financial Inc. boosted its stake 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 purchasing an additional 250,359 shares in the last quarter. Geode Capital Management LLC boosted its stake in Avery Dennison by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,102,331 shares of the industrial products company's stock worth $392,445,000 after purchasing an additional 13,815 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Avery Dennison by 4.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock worth $344,603,000 after purchasing an additional 71,435 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Price Performance

NYSE AVY traded down $2.43 on Friday, hitting $182.20. The company had a trading volume of 487,015 shares, compared to its average volume of 649,509. The company has a market capitalization of $14.24 billion, a PE ratio of 20.99, a PEG ratio of 2.94 and a beta of 0.87. The company's fifty day moving average price is $178.44 and its 200-day moving average price is $179.96. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.03 and a quick ratio of 0.68. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.02). The firm 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 company's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. As a group, analysts predict that Avery Dennison Corporation will post 9.96 earnings per share for the current year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Wednesday, June 4th. This is a boost from Avery Dennison's previous quarterly dividend of $0.88. Avery Dennison's dividend payout ratio is currently 43.32%.

Analyst Upgrades and Downgrades

AVY has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Avery Dennison from $215.00 to $210.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Raymond James Financial decreased their price objective on shares of Avery Dennison from $208.00 to $194.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets decreased their price objective on shares of Avery Dennison from $226.00 to $216.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Robert W. Baird decreased their price objective on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $196.90.

About Avery Dennison

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.