Avery Dennison Co. (NYSE:AVY) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Avery Dennison Co. (NYSE:AVY - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 734,644 shares of the industrial products company's stock after acquiring an additional 10,068 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.91% of Avery Dennison worth $137,474,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Avery Dennison during the 4th quarter worth approximately $188,643,000. Raymond James Financial Inc. purchased a new stake in Avery Dennison during the 4th quarter worth approximately $51,521,000. Ameriprise Financial Inc. increased its stake 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 worth $409,014,000 after buying an additional 250,359 shares during the period. Capital World Investors purchased a new stake in Avery Dennison during the 4th quarter worth approximately $40,354,000. Finally, Deutsche Bank AG increased its stake in Avery Dennison by 81.3% during the 4th quarter. Deutsche Bank AG now owns 465,479 shares of the industrial products company's stock worth $87,105,000 after buying an additional 208,678 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVY has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group assumed coverage on Avery Dennison in a report on Tuesday, April 22nd. They set a "hold" rating and a $175.00 price target for the company. UBS Group dropped their price objective on Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Wall Street Zen upgraded Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Argus downgraded Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.60.

Insider Activity at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 8,068 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $186.19, for a total value of $1,502,180.92. Following the transaction, the chairman now owns 316,300 shares in the company, valued at $58,891,897. The trade was a 2.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.84% of the stock is currently owned by insiders.

Avery Dennison Stock Performance

Shares of Avery Dennison stock traded up $3.86 on Tuesday, hitting $181.41. The stock had a trading volume of 763,613 shares, compared to its average volume of 613,434. Avery Dennison Co. has a 52-week low of $157.00 and a 52-week high of $233.48. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.07 and a beta of 0.88. The company's 50 day moving average price is $173.93 and its 200 day moving average price is $184.47.

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 the consensus estimate of $2.32 by ($0.02). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts anticipate that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, June 4th. This is a boost from Avery Dennison's previous quarterly dividend of $0.88. Avery Dennison's 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.