Tudor Investment Corp ET AL Purchases 19,139 Shares of Avery Dennison Co. (NYSE:AVY)

Tudor Investment Corp ET AL grew its holdings in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 166.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,663 shares of the industrial products company's stock after buying an additional 19,139 shares during the period. Tudor Investment Corp ET AL's holdings in Avery Dennison were worth $5,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Regents Gate Capital LLP bought a new stake in shares of Avery Dennison during the fourth quarter valued at about $37,000. Spire Wealth Management lifted its stake in shares of Avery Dennison by 76.0% in the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 130 shares during the period. VisionPoint Advisory Group LLC bought a new position in shares of Avery Dennison in the fourth quarter valued at approximately $68,000. AdvisorNet Financial Inc increased its stake 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 during the period. Finally, Assetmark Inc. raised its holdings in Avery Dennison by 22.5% during the fourth quarter. Assetmark Inc. now owns 397 shares of the industrial products company's stock worth $74,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AVY shares. Bank of America lowered their price target on Avery Dennison from $238.00 to $220.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. BMO Capital Markets reduced their price objective on shares of Avery Dennison from $226.00 to $216.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. downgraded shares of 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. Raymond James reduced their target price on shares of Avery Dennison from $208.00 to $194.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group dropped their price target on Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Avery Dennison has an average rating of "Moderate Buy" and an average target price of $209.80.

Avery Dennison Stock Up 1.2 %

Shares of NYSE:AVY traded up $2.00 on Friday, reaching $171.41. The company had a trading volume of 615,443 shares, compared to its average volume of 599,666. The stock has a market capitalization of $13.40 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.07 and a beta of 0.88. The stock has a 50-day moving average price of $175.13 and a 200 day moving average price of $187.99. Avery Dennison Co. has a twelve month low of $157.00 and a twelve month high of $233.48. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.10.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results 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). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the company earned $2.29 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts expect that Avery Dennison Co. will post 9.96 EPS for the current year.

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, June 4th. This is an increase from Avery Dennison's previous quarterly dividend of $0.88. Avery Dennison's dividend payout ratio (DPR) is 43.32%.

Insider Buying and Selling at Avery Dennison

In related news, Chairman Mitchell R. Butier sold 12,969 shares of the business's stock in a transaction on Thursday, March 6th. The shares were 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 approximately $55,160,742.35. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.84% of the company's stock.

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.