Qsemble Capital Management LP Increases Stock Position in Avery Dennison Co. (NYSE:AVY)

Qsemble Capital Management LP raised its stake in Avery Dennison Co. (NYSE:AVY) by 10.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,806 shares of the industrial products company’s stock after buying an additional 462 shares during the period. Qsemble Capital Management LP’s holdings in Avery Dennison were worth $1,061,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AVY. Innealta Capital LLC bought a new position in shares of Avery Dennison during the 2nd quarter valued at about $28,000. Larson Financial Group LLC raised its stake in shares of Avery Dennison by 100.0% during the third quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Avery Dennison in the 3rd quarter worth approximately $36,000. Peterson Financial Group Inc. purchased a new stake in shares of Avery Dennison in the 3rd quarter valued at $39,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Avery Dennison during the 2nd quarter valued at $42,000. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AVY. BMO Capital Markets lowered their price target on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Bank of America raised Avery Dennison from an “underperform” rating to a “buy” rating and boosted their target price for the company from $207.00 to $250.00 in a research note on Thursday, October 17th. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup decreased their price target on Avery Dennison from $241.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Finally, Barclays dropped their price objective on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.96.

Avery Dennison Stock Down 1.6 %

Shares of NYSE AVY opened at $204.71 on Wednesday. Avery Dennison Co. has a 12 month low of $187.93 and a 12 month high of $233.48. The company has a current ratio of 0.92, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $210.21 and a two-hundred day simple moving average of $216.41. The firm has a market capitalization of $16.45 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89.

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

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 1.72%. Avery Dennison’s dividend payout ratio (DPR) is 42.26%.

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.