Avery Dennison Corporation (NYSE:AVY) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of Avery Dennison Corporation (NYSE:AVY - Free Report) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,231 shares of the industrial products company's stock after selling 8,041 shares during the period. Segall Bryant & Hamill LLC owned 0.07% of Avery Dennison worth $9,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVY. Baker Avenue Asset Management LP raised its holdings in shares of Avery Dennison by 5.7% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,100 shares of the industrial products company's stock worth $206,000 after buying an additional 59 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of Avery Dennison by 17.7% in the first quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock worth $70,000 after buying an additional 59 shares during the last quarter. Smith Moore & CO. raised its holdings in shares of Avery Dennison by 1.4% in the fourth quarter. Smith Moore & CO. now owns 4,720 shares of the industrial products company's stock worth $883,000 after buying an additional 63 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Avery Dennison by 3.6% in the first quarter. Brown Advisory Inc. now owns 2,169 shares of the industrial products company's stock worth $386,000 after buying an additional 76 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Avery Dennison by 9.3% in the fourth quarter. TD Private Client Wealth LLC now owns 972 shares of the industrial products company's stock worth $182,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AVY shares. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Truist Financial reduced their target price on shares of Avery Dennison from $215.00 to $210.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group started coverage on shares of Avery Dennison in a report on Tuesday, April 22nd. They set a "hold" rating and a $175.00 target price for the company. UBS Group reduced their target price on shares of Avery Dennison from $207.00 to $189.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Raymond James Financial raised their target price on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $197.50.

Avery Dennison Stock Performance

AVY traded down $2.14 on Friday, reaching $178.66. The stock had a trading volume of 519,110 shares, compared to its average volume of 651,994. Avery Dennison Corporation has a 12-month low of $157.00 and a 12-month high of $233.48. The company has a current ratio of 1.03, a quick ratio of 0.68 and a debt-to-equity ratio of 1.19. The business's 50-day moving average price is $179.39 and its two-hundred day moving average price is $179.53. The company has a market cap of $13.97 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.51 and a beta of 0.87.

Avery Dennison (NYSE:AVY - Get Free Report) last announced 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 company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the business earned $2.29 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts forecast that Avery Dennison Corporation will post 9.96 earnings per share 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 given a $0.94 dividend. This is a positive change from Avery Dennison's previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, June 4th. This represents a $3.76 annualized dividend and a dividend yield of 2.10%. Avery Dennison's dividend payout ratio (DPR) is 43.32%.

Avery Dennison 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.