Mount Yale Investment Advisors LLC Sells 3,012 Shares of Avery Dennison Co. (NYSE:AVY)

Mount Yale Investment Advisors LLC decreased its stake in shares of Avery Dennison Co. (NYSE:AVY) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,066 shares of the industrial products company’s stock after selling 3,012 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Avery Dennison were worth $1,322,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Empirical Finance LLC boosted its holdings in shares of Avery Dennison by 2.0% in the third quarter. Empirical Finance LLC now owns 2,822 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 55 shares during the period. Procyon Advisors LLC lifted its holdings in shares of Avery Dennison by 4.0% in the 3rd quarter. Procyon Advisors LLC now owns 1,442 shares of the industrial products company’s stock worth $319,000 after buying an additional 56 shares during the period. AdvisorNet Financial Inc grew its position in shares of Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company’s stock worth $69,000 after buying an additional 58 shares in the last quarter. Lindenwold Advisors INC increased its stake in shares of Avery Dennison by 0.6% during the third quarter. Lindenwold Advisors INC now owns 10,266 shares of the industrial products company’s stock valued at $2,266,000 after buying an additional 59 shares during the period. Finally, Cynosure Group LLC raised its holdings in shares of Avery Dennison by 3.6% in the third quarter. Cynosure Group LLC now owns 1,712 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 59 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Avery Dennison

In related news, SVP Nicholas Colisto sold 3,679 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the transaction, the senior vice president now owns 7,126 shares in the company, valued at $1,467,956. This trade represents a 34.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

AVY has been the topic of several recent research reports. UBS Group dropped their target price on shares of Avery Dennison from $235.00 to $207.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Citigroup cut their price objective on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays lowered their target price on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Truist Financial cut their price target on Avery Dennison from $258.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Bank of America decreased their price objective on Avery Dennison from $238.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.05.

Avery Dennison Stock Up 2.2 %

AVY stock opened at $195.82 on Tuesday. The stock has a market capitalization of $15.73 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. Avery Dennison Co. has a 52 week low of $181.99 and a 52 week high of $233.48. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $194.09 and a 200 day moving average of $206.95.

Avery Dennison 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.