Tidal Investments LLC Has $2.63 Million Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Tidal Investments LLC boosted its position in Avery Dennison Co. (NYSE:AVY - Free Report) by 135.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,031 shares of the industrial products company's stock after acquiring an additional 8,074 shares during the period. Tidal Investments LLC's holdings in Avery Dennison were worth $2,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Regents Gate Capital LLP bought a new position in shares of Avery Dennison in the 4th quarter worth $37,000. Spire Wealth Management raised its holdings in Avery Dennison by 76.0% during the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock worth $56,000 after buying an additional 130 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of Avery Dennison in the fourth quarter valued at $68,000. Assetmark Inc. grew its holdings in shares of Avery Dennison by 22.5% during the fourth quarter. Assetmark Inc. now owns 397 shares of the industrial products company's stock valued at $74,000 after buying an additional 73 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Avery Dennison by 49.8% during the fourth quarter. Farther Finance Advisors LLC now owns 409 shares of the industrial products company's stock worth $77,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total transaction of $2,358,412.65. Following the transaction, the chairman now owns 303,331 shares of the company's stock, valued at $55,160,742.35. This represents a 4.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird dropped their price target on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Barclays lowered their price objective on Avery Dennison from $225.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Argus cut Avery Dennison from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Truist Financial lowered their price target on Avery Dennison from $215.00 to $210.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets cut their price objective on shares of Avery Dennison from $226.00 to $216.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $206.60.

Avery Dennison Trading Up 0.1%

NYSE AVY opened at $180.29 on Friday. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.07 and a beta of 0.88. The business's fifty day moving average is $174.00 and its 200-day moving average is $185.14. 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 one year low of $157.00 and a one year high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last released 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). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. Equities research analysts predict that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.09%. This is a positive change from Avery Dennison's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, June 4th. Avery Dennison's dividend payout ratio 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.

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