Avery Dennison Co. (NYSE:AVY) Holdings Raised by Terra Alpha Investments LLC

Terra Alpha Investments LLC grew its stake in Avery Dennison Co. (NYSE:AVY - Free Report) by 10.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,171 shares of the industrial products company's stock after buying an additional 1,679 shares during the period. Avery Dennison accounts for 3.3% of Terra Alpha Investments LLC's holdings, making the stock its 13th biggest position. Terra Alpha Investments LLC's holdings in Avery Dennison were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AVY. Vanguard Group Inc. raised its holdings 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 during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Avery Dennison by 3.7% in the fourth 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 period. Ameriprise Financial Inc. raised 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 valued at $409,014,000 after acquiring an additional 250,359 shares during the last quarter. Geode Capital Management LLC lifted its position in Avery Dennison by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,102,331 shares of the industrial products company's stock worth $392,445,000 after buying an additional 13,815 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of 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 acquiring an additional 71,435 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Avery Dennison in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $175.00 price target on the stock. Raymond James cut their target price on shares of Avery Dennison from $208.00 to $194.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered Avery Dennison from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $205.00 to $172.00 in a research report on Thursday, April 24th. Argus cut Avery Dennison from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, UBS Group cut their price target on Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $206.60.

Avery Dennison Stock Down 1.0%

Avery Dennison stock traded down $1.88 during midday trading on Friday, hitting $177.46. 79,248 shares of the stock were exchanged, compared to its average volume of 621,532. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. Avery Dennison Co. has a 1 year low of $157.00 and a 1 year high of $233.48. The company has a 50 day moving average price of $174.70 and a two-hundred day moving average price of $182.72. The firm has a market cap of $13.87 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.07 and a beta of 0.88.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $2.30 EPS for the quarter, missing analysts' consensus estimates of $2.32 by ($0.02). The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. The business's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 EPS. On average, sell-side analysts predict that Avery Dennison Co. will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.12%. This is a boost from Avery Dennison's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, June 4th. Avery Dennison's dividend payout ratio (DPR) 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.