B.O.S.S. Retirement Advisors LLC Acquires Shares of 1,856 Avery Dennison Co. (NYSE:AVY)

B.O.S.S. Retirement Advisors LLC acquired a new stake in Avery Dennison Co. (NYSE:AVY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,856 shares of the industrial products company’s stock, valued at approximately $347,000.

A number of other institutional investors have also recently bought and sold shares of AVY. Geode Capital Management LLC grew its stake in Avery Dennison by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,088,516 shares of the industrial products company’s stock valued at $459,621,000 after purchasing an additional 157,754 shares during the period. Victory Capital Management Inc. lifted its position in shares of Avery Dennison by 6.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company’s stock valued at $312,772,000 after buying an additional 90,250 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of Avery Dennison by 2,629.0% during the 3rd quarter. World Investment Advisors LLC now owns 91,857 shares of the industrial products company’s stock valued at $20,278,000 after buying an additional 88,491 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Avery Dennison by 12.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 420,232 shares of the industrial products company’s stock valued at $92,771,000 after buying an additional 46,390 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Avery Dennison by 72.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 96,889 shares of the industrial products company’s stock valued at $21,389,000 after buying an additional 40,824 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. 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 report on Monday, January 6th. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup lowered their price target on Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Barclays lowered their price target on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average target price of $235.05.

Avery Dennison Price Performance

Shares of Avery Dennison stock opened at $191.33 on Friday. The business’s 50-day moving average price is $194.09 and its 200-day moving average price is $207.06. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. Avery Dennison Co. has a 12 month low of $181.99 and a 12 month high of $233.48. The firm has a market capitalization of $15.37 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company earned $2.10 EPS. Avery Dennison’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sell-side analysts forecast that Avery Dennison Co. will post 9.41 EPS for the current fiscal year.

Insider Transactions at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the sale, the senior vice president now directly owns 7,126 shares in the company, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Avery Dennison 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.