Jump Financial LLC Purchases Shares of 2,939 Avery Dennison Co. (NYSE:AVY)

Jump Financial LLC acquired a new position in Avery Dennison Co. (NYSE:AVY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,939 shares of the industrial products company's stock, valued at approximately $550,000.

Several other large investors have also recently modified their holdings of AVY. Regents Gate Capital LLP purchased a new position in Avery Dennison in the fourth quarter worth $37,000. Spire Wealth Management increased its position in Avery Dennison by 76.0% during the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock valued at $56,000 after buying an additional 130 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Avery Dennison during the fourth quarter worth about $68,000. AdvisorNet Financial Inc increased its holdings in shares of Avery Dennison by 18.8% during the fourth quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 58 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Avery Dennison by 22.5% in the 4th quarter. Assetmark Inc. now owns 397 shares of the industrial products company's stock valued at $74,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Insider Activity

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of Avery Dennison 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 completion of the transaction, the chairman now directly owns 316,300 shares of the company's stock, valued at $58,891,897. The trade was a 2.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AVY. UBS Group cut their price target on shares of Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. BMO Capital Markets reduced their target price on Avery Dennison from $226.00 to $216.00 and set an "outperform" rating for the company in a research note on Friday. Raymond James cut their price objective on Avery Dennison from $208.00 to $194.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Citigroup cut their price target on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered Avery Dennison from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $205.00 to $172.00 in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Avery Dennison has a consensus rating of "Moderate Buy" and an average price target of $209.80.

Avery Dennison Trading Up 0.2 %

Avery Dennison stock traded up $0.29 during midday trading on Tuesday, hitting $170.52. 190,524 shares of the stock were exchanged, compared to its average volume of 593,244. 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 capitalization of $13.39 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.07 and a beta of 0.85. The stock's 50-day simple moving average is $176.25 and its 200 day simple moving average is $189.11. Avery Dennison Co. has a fifty-two week low of $157.00 and a fifty-two week high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.32 by ($0.02). The business had revenue of $2.15 billion for 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 firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 earnings per share. On average, equities analysts anticipate that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.94 per share. This is a positive change from Avery Dennison's previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, June 4th. Avery Dennison's dividend payout ratio (DPR) is currently 43.32%.

About Avery Dennison

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.