1,538 Shares in Avery Dennison Corporation (NYSE:AVY) Bought by Trilogy Capital Inc.

Key Points

• Trilogy Capital Inc. has made a new investment in Avery Dennison Corporation, purchasing 1,538 shares valued at approximately $274,000 in the first quarter.
• Recent analyst reports have resulted in changing price targets for Avery Dennison, with Barclays lowering its target to $210 and Bank of America raising its target to $208.
• Avery Dennison announced a quarterly dividend of $0.94 per share, with a yield of 2.12%, to be paid on September 17th.

Trilogy Capital Inc. bought a new stake in Avery Dennison Corporation (NYSE:AVY - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,538 shares of the industrial products company's stock, valued at approximately $274,000.

Several other hedge funds have also recently added to or reduced their stakes in AVY. Quantbot Technologies LP purchased a new position in Avery Dennison in the fourth quarter worth $577,000. American Century Companies Inc. boosted its holdings in Avery Dennison by 4.2% during the 4th quarter. American Century Companies Inc. now owns 20,382 shares of the industrial products company's stock valued at $3,814,000 after acquiring an additional 819 shares during the period. LPL Financial LLC lifted its holdings in Avery Dennison by 1.9% in the 4th quarter. LPL Financial LLC now owns 61,490 shares of the industrial products company's stock worth $11,507,000 after buying an additional 1,148 shares during the period. TIAA Trust National Association lifted its holdings in Avery Dennison by 13.0% in the 4th quarter. TIAA Trust National Association now owns 2,580 shares of the industrial products company's stock worth $483,000 after buying an additional 297 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Avery Dennison by 126.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,582 shares of the industrial products company's stock worth $483,000 after acquiring an additional 1,440 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Avery Dennison Trading Down 0.9%

Shares of Avery Dennison stock traded down $1.53 during trading hours on Wednesday, hitting $170.74. The company's stock had a trading volume of 116,696 shares, compared to its average volume of 754,476. The business has a fifty day moving average of $178.67 and a 200 day moving average of $179.11. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. Avery Dennison Corporation has a 1-year low of $157.00 and a 1-year high of $224.38. The company has a market capitalization of $13.35 billion, a PE ratio of 19.17, a P/E/G ratio of 2.68 and a beta of 0.87.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the firm posted $2.42 EPS. The firm's revenue was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $3.76 annualized dividend and a yield of 2.20%. Avery Dennison's payout ratio is 42.20%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AVY shares. Jefferies Financial Group began coverage on Avery Dennison in a research report on Tuesday, April 22nd. They set a "hold" rating and a $175.00 target price on the stock. BMO Capital Markets restated an "outperform" rating and set a $207.00 target price (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. UBS Group lowered 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. Argus lowered Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, Barclays cut their target price on Avery Dennison from $225.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Avery Dennison has an average rating of "Moderate Buy" and a consensus target price of $197.60.

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.