Charles Schwab Investment Management Inc. Increases Stock Position in Avery Dennison Co. (NYSE:AVY)

Charles Schwab Investment Management Inc. raised its holdings in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 667,811 shares of the industrial products company's stock after acquiring an additional 15,331 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.83% of Avery Dennison worth $135,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of Avery Dennison by 4,159.9% during the 4th quarter. Cerity Partners LLC now owns 1,191,228 shares of the industrial products company's stock worth $240,819,000 after purchasing an additional 1,163,264 shares during the period. Morgan Stanley increased its holdings in Avery Dennison by 55.7% in the third quarter. Morgan Stanley now owns 1,788,321 shares of the industrial products company's stock valued at $326,673,000 after buying an additional 639,521 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Avery Dennison by 22.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,670,469 shares of the industrial products company's stock worth $487,857,000 after acquiring an additional 493,857 shares in the last quarter. Boston Partners grew its position in shares of Avery Dennison by 43.9% during the 3rd quarter. Boston Partners now owns 1,007,542 shares of the industrial products company's stock valued at $184,026,000 after acquiring an additional 307,325 shares during the period. Finally, FMR LLC increased its stake in shares of Avery Dennison by 27.5% in the 3rd quarter. FMR LLC now owns 958,790 shares of the industrial products company's stock valued at $175,142,000 after purchasing an additional 206,784 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Insider Transactions at Avery Dennison

In other Avery Dennison news, insider Ryan D. Yost sold 1,400 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $213.29, for a total value of $298,606.00. Following the sale, the insider now owns 2,843 shares of the company's stock, valued at $606,383.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Avery Dennison news, insider Ryan D. Yost sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $213.29, for a total value of $298,606.00. Following the completion of the transaction, the insider now owns 2,843 shares of the company's stock, valued at approximately $606,383.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mitchell R. Butier sold 8,168 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $217.36, for a total value of $1,775,396.48. Following the sale, the chairman now directly owns 321,487 shares in the company, valued at approximately $69,878,414.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,568 shares of company stock worth $3,143,502. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on AVY. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $218.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, April 25th. Citigroup increased their price objective on shares of Avery Dennison from $223.00 to $234.00 and gave the company a "neutral" rating in a report on Thursday, April 4th. Robert W. Baird boosted their target price on shares of Avery Dennison from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, April 25th. Raymond James reiterated an "outperform" rating and issued a $240.00 price objective (up from $225.00) on shares of Avery Dennison in a report on Thursday, April 25th. Finally, StockNews.com upgraded Avery Dennison from a "hold" rating to a "buy" rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Avery Dennison currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.50.

Avery Dennison Trading Down 0.9 %

Shares of Avery Dennison stock traded down $2.03 during mid-day trading on Friday, hitting $225.61. The stock had a trading volume of 382,921 shares, compared to its average volume of 483,858. The firm has a market cap of $18.17 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 3.49 and a beta of 0.91. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average of $217.35 and a two-hundred day moving average of $203.45. Avery Dennison Co. has a 12-month low of $158.93 and a 12-month high of $228.15.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. This is an increase from Avery Dennison's previous quarterly dividend of $0.81. Avery Dennison's payout ratio is currently 47.30%.

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.