Teachers Advisors LLC grew its position in shares of Avery Dennison Corporation (NYSE:AVY) by 28.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 543,029 shares of the industrial products company’s stock after acquiring an additional 121,667 shares during the quarter. Teachers Advisors LLC owned 0.61% of Avery Dennison Corporation worth $47,987,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AVY. Achmea Investment Management B.V. acquired a new stake in shares of Avery Dennison Corporation in the 1st quarter valued at approximately $2,696,000. Federated Investors Inc. PA boosted its holdings in shares of Avery Dennison Corporation by 1,038.8% in the 2nd quarter. Federated Investors Inc. PA now owns 99,245 shares of the industrial products company’s stock valued at $8,770,000 after buying an additional 90,530 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Avery Dennison Corporation by 43.6% in the 1st quarter. JPMorgan Chase & Co. now owns 572,631 shares of the industrial products company’s stock valued at $46,155,000 after buying an additional 173,901 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Avery Dennison Corporation by 5.4% in the 1st quarter. Russell Investments Group Ltd. now owns 51,004 shares of the industrial products company’s stock valued at $4,112,000 after buying an additional 2,631 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Avery Dennison Corporation by 39.7% in the 1st quarter. Principal Financial Group Inc. now owns 835,826 shares of the industrial products company’s stock valued at $67,368,000 after buying an additional 237,381 shares during the last quarter. 87.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Avery Dennison Corporation (NYSE:AVY) opened at 96.83 on Friday. The stock has a 50 day moving average price of $93.66 and a 200 day moving average price of $86.71. Avery Dennison Corporation has a 12-month low of $68.55 and a 12-month high of $97.11. The firm has a market cap of $8.56 billion, a P/E ratio of 22.75 and a beta of 1.18.

Avery Dennison Corporation (NYSE:AVY) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. Avery Dennison Corporation’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, equities analysts expect that Avery Dennison Corporation will post $4.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.80 annualized dividend and a yield of 1.86%. Avery Dennison Corporation’s dividend payout ratio is currently 42.25%.

In other Avery Dennison Corporation news, Director David E. I. Pyott sold 298 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.00, for a total value of $28,012.00. Following the transaction, the director now owns 16,601 shares of the company’s stock, valued at $1,560,494. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David E. I. Pyott sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.00, for a total value of $188,000.00. Following the completion of the transaction, the director now directly owns 16,601 shares in the company, valued at approximately $1,560,494. The disclosure for this sale can be found here. In the last three months, insiders sold 12,298 shares of company stock worth $1,152,312. Insiders own 1.40% of the company’s stock.

Several equities research analysts have recently commented on AVY shares. Robert W. Baird reissued a “buy” rating and issued a $100.00 price objective on shares of Avery Dennison Corporation in a report on Friday, September 1st. Zacks Investment Research downgraded Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Aegis reissued a “hold” rating on shares of Avery Dennison Corporation in a report on Thursday, June 1st. Bank of America Corporation raised Avery Dennison Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $96.00 in a report on Tuesday, June 20th. Finally, Citigroup Inc. increased their price objective on Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.86.

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Avery Dennison Corporation 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).

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

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