Louisiana State Employees Retirement System held its position in Avery Dennison Corporation (NYSE:AVY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the industrial products company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Avery Dennison Corporation were worth $486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in Avery Dennison Corporation by 314.8% in the fourth quarter. Macquarie Group Ltd. now owns 11,200 shares of the industrial products company’s stock valued at $787,000 after buying an additional 8,500 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in Avery Dennison Corporation by 74.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 130,392 shares of the industrial products company’s stock valued at $10,510,000 after buying an additional 55,542 shares during the period. Raymond James Trust N.A. boosted its position in Avery Dennison Corporation by 15.9% in the first quarter. Raymond James Trust N.A. now owns 3,355 shares of the industrial products company’s stock valued at $270,000 after buying an additional 461 shares during the period. Creative Planning boosted its position in Avery Dennison Corporation by 13.6% in the first quarter. Creative Planning now owns 2,829 shares of the industrial products company’s stock valued at $228,000 after buying an additional 338 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Avery Dennison Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 29,349 shares of the industrial products company’s stock valued at $2,365,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 87.60% of the company’s stock.

Shares of Avery Dennison Corporation (NYSE:AVY) traded up 1.19% during mid-day trading on Friday, reaching $93.02. 502,965 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $91.80 and its 200-day moving average price is $84.00. Avery Dennison Corporation has a 12-month low of $68.55 and a 12-month high of $96.70. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 21.85 and a beta of 1.18.

Avery Dennison Corporation (NYSE:AVY) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.10. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. Avery Dennison Corporation had a net margin of 6.14% and a return on equity of 39.29%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. Equities research analysts forecast that Avery Dennison Corporation will post $4.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, September 1st. Avery Dennison Corporation’s payout ratio is presently 42.25%.

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AVY has been the topic of several analyst reports. KeyCorp restated a “hold” rating on shares of Avery Dennison Corporation in a report on Wednesday, April 26th. Barclays PLC restated an “overweight” rating and set a $96.00 price target (up from $95.00) on shares of Avery Dennison Corporation in a report on Monday, May 1st. Zacks Investment Research cut shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Aegis restated a “hold” rating on shares of Avery Dennison Corporation in a report on Thursday, June 1st. Finally, BidaskClub cut shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Avery Dennison Corporation presently has an average rating of “Buy” and a consensus target price of $91.67.

In other news, Director Anthony Anderson sold 950 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $84.42, for a total transaction of $80,199.00. Following the sale, the director now owns 7,492 shares of the company’s stock, valued at approximately $632,474.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Patrick Siewert sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $93.63, for a total transaction of $936,300.00. Following the sale, the director now directly owns 10,519 shares in the company, valued at approximately $984,893.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,198 shares of company stock worth $1,971,016. Insiders own 1.40% of the company’s stock.

About Avery Dennison Corporation

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

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