Mutual of America Capital Management LLC Has $2.86 Million Stake in Avery Dennison Corp (AVY)

Mutual of America Capital Management LLC trimmed its holdings in shares of Avery Dennison Corp (NYSE:AVY) by 38.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,886 shares of the industrial products company’s stock after selling 15,315 shares during the period. Mutual of America Capital Management LLC’s holdings in Avery Dennison were worth $2,858,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AVY. APG Asset Management N.V. lifted its holdings in shares of Avery Dennison by 125.4% during the 4th quarter. APG Asset Management N.V. now owns 1,145,053 shares of the industrial products company’s stock worth $109,528,000 after acquiring an additional 637,000 shares during the period. KAMES CAPITAL plc bought a new position in shares of Avery Dennison during the 4th quarter worth about $71,586,000. State of Tennessee Treasury Department lifted its holdings in shares of Avery Dennison by 265.7% during the 3rd quarter. State of Tennessee Treasury Department now owns 490,850 shares of the industrial products company’s stock worth $48,270,000 after acquiring an additional 356,628 shares during the period. Atlantic Trust Group LLC lifted its holdings in shares of Avery Dennison by 3,229.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 357,606 shares of the industrial products company’s stock worth $35,167,000 after acquiring an additional 346,866 shares during the period. Finally, State Street Corp lifted its holdings in shares of Avery Dennison by 5.0% during the 2nd quarter. State Street Corp now owns 4,776,961 shares of the industrial products company’s stock worth $422,140,000 after acquiring an additional 229,297 shares during the period. 85.88% of the stock is owned by institutional investors.

Shares of Avery Dennison Corp (NYSE:AVY) opened at $111.46 on Friday. The stock has a market cap of $9,812.49, a PE ratio of 35.61, a P/E/G ratio of 2.71 and a beta of 1.20. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 1.26. Avery Dennison Corp has a 1 year low of $78.47 and a 1 year high of $123.67.

Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Avery Dennison had a net margin of 4.26% and a return on equity of 42.26%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. analysts expect that Avery Dennison Corp will post 5.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, March 6th. Avery Dennison’s payout ratio is presently 57.51%.

A number of equities analysts have recently commented on AVY shares. Zacks Investment Research downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a report on Friday, January 5th. UBS Group started coverage on shares of Avery Dennison in a research report on Thursday, January 18th. They set a “buy” rating and a $135.00 target price for the company. Barclays increased their target price on shares of Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. cut shares of Avery Dennison from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $120.25.

In other Avery Dennison news, CAO Lori J. Bondar sold 10,855 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $110.88, for a total value of $1,203,602.40. Following the completion of the sale, the chief accounting officer now owns 18,556 shares in the company, valued at approximately $2,057,489.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter K. Barker sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $114.76, for a total transaction of $229,520.00. Following the completion of the sale, the director now owns 26,703 shares of the company’s stock, valued at approximately $3,064,436.28. The disclosure for this sale can be found here. Insiders sold a total of 16,855 shares of company stock valued at $1,866,802 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

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Avery Dennison 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).

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

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