Hummer Financial Advisory Services Inc Sells 100 Shares of Avery Dennison Co. (NYSE:AVY)

Hummer Financial Advisory Services Inc cut its position in Avery Dennison Co. (NYSE:AVY) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,810 shares of the industrial products company’s stock after selling 100 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Avery Dennison were worth $526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 180 Wealth Advisors LLC lifted its holdings in Avery Dennison by 9.1% during the fourth quarter. 180 Wealth Advisors LLC now owns 10,212 shares of the industrial products company’s stock worth $1,911,000 after acquiring an additional 850 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 58 shares in the last quarter. Matrix Trust Co increased its stake in Avery Dennison by 758.5% during the 4th quarter. Matrix Trust Co now owns 558 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 493 shares in the last quarter. Czech National Bank raised its holdings in Avery Dennison by 6.2% during the 4th quarter. Czech National Bank now owns 17,421 shares of the industrial products company’s stock worth $3,260,000 after buying an additional 1,019 shares during the period. Finally, West Oak Capital LLC lifted its stake in Avery Dennison by 131.4% in the fourth quarter. West Oak Capital LLC now owns 1,620 shares of the industrial products company’s stock valued at $303,000 after buying an additional 920 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Insider Buying and Selling at Avery Dennison

In other news, SVP Nicholas Colisto sold 3,679 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the transaction, the senior vice president now directly owns 7,126 shares of the company’s stock, valued at $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Avery Dennison Stock Performance

Shares of AVY opened at $187.93 on Tuesday. The company has a market cap of $15.10 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The firm has a 50-day moving average of $196.27 and a 200-day moving average of $208.51. Avery Dennison Co. has a one year low of $181.99 and a one year high of $233.48. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.92 and a quick ratio of 0.62.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.01. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. Avery Dennison’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $2.10 earnings per share. As a group, equities analysts forecast that Avery Dennison Co. will post 9.42 earnings per share for the current year.

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, December 4th. Avery Dennison’s dividend payout ratio (DPR) is presently 42.26%.

Wall Street Analyst Weigh In

AVY has been the topic of a number of research analyst reports. Truist Financial dropped their price objective on shares of Avery Dennison from $258.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America reduced their price objective on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, January 6th. UBS Group cut their target price on Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a research note on Friday. Citigroup decreased their price target on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $235.05.

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.