BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 11,784 Shares of Avery Dennison Co. (NYSE:AVY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Avery Dennison Co. (NYSE:AVY) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,919 shares of the industrial products company’s stock after purchasing an additional 11,784 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.28% of Avery Dennison worth $50,315,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AVY. First Horizon Advisors Inc. grew its position in shares of Avery Dennison by 5.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,166 shares of the industrial products company’s stock worth $257,000 after buying an additional 65 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Avery Dennison by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,007 shares of the industrial products company’s stock worth $2,651,000 after acquiring an additional 1,340 shares in the last quarter. Avior Wealth Management LLC increased its position in Avery Dennison by 2.8% during the 3rd quarter. Avior Wealth Management LLC now owns 3,294 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 90 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Avery Dennison in the 3rd quarter valued at about $981,000. Finally, Caprock Group LLC lifted its position in shares of Avery Dennison by 12.8% in the 3rd quarter. Caprock Group LLC now owns 1,326 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 150 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Stock Up 0.7 %

NYSE:AVY opened at $199.12 on Friday. 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 twelve month low of $187.93 and a twelve month high of $233.48. The company has a market cap of $16.00 billion, a PE ratio of 23.90, a P/E/G ratio of 1.51 and a beta of 0.89. The company’s 50 day moving average is $211.50 and its two-hundred day moving average is $217.06.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.01. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. Avery Dennison had a net margin of 7.76% and a return on equity of 33.01%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. Analysts anticipate that Avery Dennison Co. will post 9.42 EPS for the current year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, December 4th. Avery Dennison’s payout ratio is 42.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Bank of America raised shares of Avery Dennison from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $207.00 to $250.00 in a report on Thursday, October 17th. Citigroup reduced their price target on Avery Dennison from $241.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded Avery Dennison from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $230.00 to $210.00 in a research report on Thursday, October 24th. StockNews.com lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets lowered their price target on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $244.96.

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.