James Investment Research Inc. Sells 1,776 Shares of Avery Dennison Corporation (NYSE:AVY)

James Investment Research Inc. trimmed its holdings in Avery Dennison Corporation (NYSE:AVY - Free Report) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,403 shares of the industrial products company's stock after selling 1,776 shares during the quarter. James Investment Research Inc.'s holdings in Avery Dennison were worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVY. Vanguard Group Inc. lifted its holdings in shares of Avery Dennison by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 9,681,709 shares of the industrial products company's stock valued at $1,811,738,000 after acquiring an additional 33,149 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Avery Dennison by 3.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,225,309 shares of the industrial products company's stock valued at $790,683,000 after purchasing an additional 150,572 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Avery Dennison by 12.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company's stock valued at $409,014,000 after purchasing an additional 250,359 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Avery Dennison by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,102,331 shares of the industrial products company's stock valued at $392,445,000 after purchasing an additional 13,815 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Avery Dennison by 4.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,841,520 shares of the industrial products company's stock valued at $344,603,000 after purchasing an additional 71,435 shares during the last quarter. 94.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

AVY has been the subject of a number of research analyst reports. BMO Capital Markets cut their price target on Avery Dennison from $226.00 to $216.00 and set an "outperform" rating for the company in a report on Friday, April 25th. UBS Group cut their price target on Avery Dennison from $207.00 to $189.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Citigroup lifted their price target on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Raymond James Financial lifted their price objective on Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Avery Dennison has an average rating of "Moderate Buy" and an average price target of $197.50.

Avery Dennison Stock Up 1.4%

NYSE AVY traded up $2.45 during trading on Thursday, hitting $180.63. The stock had a trading volume of 670,091 shares, compared to its average volume of 649,935. The company has a market capitalization of $14.12 billion, a PE ratio of 20.81, a P/E/G ratio of 2.49 and a beta of 0.87. The company's 50-day moving average price is $179.11 and its two-hundred day moving average price is $179.69. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.68 and a current ratio of 1.03. 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 posted its earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 33.11% and a net margin of 7.98%. The firm'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 earnings per share. As a group, sell-side analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.94 per share. This is a positive change from Avery Dennison's previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, June 4th. Avery Dennison's dividend payout ratio is 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.