National Asset Management Inc. Has $335,000 Position in Avery Dennison Corporation (AVY)

National Asset Management Inc. lowered its position in shares of Avery Dennison Corporation (NYSE:AVY) by 34.5% during the first quarter, Holdings Channel reports. The fund owned 4,139 shares of the industrial products company’s stock after selling 2,176 shares during the period. National Asset Management Inc.’s holdings in Avery Dennison Corporation were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. Private Trust Co. NA boosted its position in Avery Dennison Corporation by 0.3% in the first quarter. Private Trust Co. NA now owns 5,299 shares of the industrial products company’s stock worth $427,000 after buying an additional 15 shares during the last quarter. United Capital Financial Advisers LLC boosted its position in Avery Dennison Corporation by 0.4% in the fourth quarter. United Capital Financial Advisers LLC now owns 6,888 shares of the industrial products company’s stock worth $484,000 after buying an additional 25 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Avery Dennison Corporation by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,101 shares of the industrial products company’s stock worth $358,000 after buying an additional 26 shares during the last quarter. Baird Financial Group Inc. boosted its position in Avery Dennison Corporation by 0.8% in the fourth quarter. Baird Financial Group Inc. now owns 6,045 shares of the industrial products company’s stock worth $424,000 after buying an additional 50 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its position in Avery Dennison Corporation by 0.7% in the first quarter. Atlantic Trust Group LLC now owns 10,766 shares of the industrial products company’s stock worth $867,000 after buying an additional 78 shares during the last quarter. Institutional investors own 89.40% of the company’s stock.

Institutional Ownership by Quarter for Avery Dennison Corporation (NYSE:AVY)

Shares of Avery Dennison Corporation (NYSE:AVY) traded down 0.05% during midday trading on Thursday, reaching $87.69. The company’s stock had a trading volume of 296,563 shares. Avery Dennison Corporation has a one year low of $68.55 and a one year high of $89.07. The company has a market capitalization of $7.77 billion, a P/E ratio of 23.03 and a beta of 1.11. The stock’s 50-day moving average is $84.12 and its 200-day moving average is $79.05.

Avery Dennison Corporation (NYSE:AVY) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.04 by $0.07. Avery Dennison Corporation had a return on equity of 38.48% and a net margin of 5.56%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business posted $0.94 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts expect that Avery Dennison Corporation will post $4.60 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were given a dividend of $0.45 per share. This is a positive change from Avery Dennison Corporation’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, June 5th. Avery Dennison Corporation’s dividend payout ratio (DPR) is currently 47.37%.

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A number of research firms recently issued reports on AVY. BidaskClub cut Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, June 5th. Bank of America Corporation upgraded Avery Dennison Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $96.00 in a report on Tuesday. Barclays PLC restated an “overweight” rating and set a $96.00 price objective (up previously from $95.00) on shares of Avery Dennison Corporation in a report on Monday, May 1st. Finally, Aegis restated a “hold” rating on shares of Avery Dennison Corporation in a report on Thursday, June 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $88.40.

In other news, VP Deon Stander sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $84.50, for a total transaction of $422,500.00. Following the completion of the transaction, the vice president now directly owns 10,998 shares in the company, valued at $929,331. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anthony Anderson sold 6,248 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $85.15, for a total value of $532,017.20. Following the transaction, the director now owns 1,244 shares of the company’s stock, valued at $105,926.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,198 shares of company stock valued at $1,034,716. Company insiders own 1.40% of the company’s stock.

Avery Dennison Corporation Company Profile

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

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