Nationwide Fund Advisors continued to hold its position in Avery Dennison Corporation (NYSE:AVY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,318 shares of the industrial products company’s stock at the end of the 2nd quarter. Nationwide Fund Advisors’ holdings in Avery Dennison Corporation were worth $2,237,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AVY. Ameritas Investment Partners Inc. bought a new stake in Avery Dennison Corporation during the 1st quarter valued at $171,000. Alliancebernstein L.P. raised its holdings in Avery Dennison Corporation by 8.5% during the 1st quarter. Alliancebernstein L.P. now owns 183,726 shares of the industrial products company’s stock valued at $14,808,000 after buying an additional 14,453 shares during the last quarter. Van ECK Associates Corp raised its holdings in Avery Dennison Corporation by 7.7% during the 1st quarter. Van ECK Associates Corp now owns 1,322 shares of the industrial products company’s stock valued at $107,000 after buying an additional 94 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Avery Dennison Corporation by 15.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,112 shares of the industrial products company’s stock valued at $412,000 after buying an additional 700 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Avery Dennison Corporation by 10.4% during the 1st quarter. Geode Capital Management LLC now owns 1,004,783 shares of the industrial products company’s stock valued at $80,884,000 after buying an additional 94,645 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

In related news, Director Patrick Siewert sold 10,000 shares of Avery Dennison Corporation stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $93.63, for a total value of $936,300.00. Following the completion of the sale, the director now directly owns 10,519 shares in the company, valued at $984,893.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David E. I. Pyott sold 298 shares of Avery Dennison Corporation stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $94.00, for a total value of $28,012.00. Following the completion of the sale, the director now owns 16,601 shares of the company’s stock, valued at $1,560,494. The disclosure for this sale can be found here. Insiders sold 12,298 shares of company stock valued at $1,152,312 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Avery Dennison Corporation (AVY) opened at 101.94 on Friday. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 23.95 and a beta of 1.19. The firm has a 50-day moving average of $97.47 and a 200 day moving average of $89.54. Avery Dennison Corporation has a one year low of $68.55 and a one year high of $102.07.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were issued a $0.45 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.77%. Avery Dennison Corporation’s payout ratio is currently 42.25%.

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A number of research firms recently commented on AVY. Loop Capital began coverage on shares of Avery Dennison Corporation in a report on Thursday, September 28th. They set a “hold” rating and a $99.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of Avery Dennison Corporation in a report on Friday, September 22nd. Zacks Investment Research lowered shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and set a $100.00 price target on shares of Avery Dennison Corporation in a report on Friday, September 1st. Finally, Citigroup Inc. upped their price target on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.14.

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).

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

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