Avery Dennison Corp (AVY) : Ardevora Asset Management Llp scooped up 32,900 additional shares in Avery Dennison Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 402,300 shares of Avery Dennison Corp which is valued at $31,500,090.Avery Dennison Corp makes up approximately 1.25% of Ardevora Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in AVY in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 4,677 shares of Avery Dennison Corp which is valued at $366,209. Avery Dennison Corp makes up approx 0.01% of Norinchukin Bank The’s portfolio. Waratah Capital Advisors Ltd. sold out all of its stake in AVY during the most recent quarter. The investment firm sold 25,240 shares of AVY which is valued $1,980,330.Boston Private Wealth reduced its stake in AVY by selling 73 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 6,434 shares of AVY which is valued at $496,962. Avery Dennison Corp makes up approx 0.02% of Boston Private Wealth’s portfolio.Wealthtrust-arizona reduced its stake in AVY by selling 1 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 236 shares of AVY which is valued at $17,134. Avery Dennison Corp makes up approx 0.01% of Wealthtrust-arizona’s portfolio.
Avery Dennison Corp closed down -0.02 points or -0.03% at $78.17 with 4,58,360 shares getting traded on Monday. Post opening the session at $78.4, the shares hit an intraday low of $78.165 and an intraday high of $78.66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Avery Dennison Corp reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.01. The company had revenue of $1541.50 million for the quarter, compared to analysts expectations of $1539.48 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Investors should note that on Aug 2, 2016, Avery Dennison Corp announced a cash dividend of $0.4100. The company’s management has announced Sep 2, 2016 as the ex-dividend date and fixed the record date on Sep 7, 2016. The payable date has been fixed on Sep 21, 2016.
Many Wall Street Analysts have commented on Avery Dennison Corp. Avery Dennison Corp was Downgraded by BofA/Merrill to ” Underperform” on Jul 1, 2016. Avery Dennison Corp was Downgraded by JP Morgan to ” Neutral” on May 20, 2016.
Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a variety of tickets tags labels and other converted products. The Companys pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing printing stamping and die-cutting. It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components such as fasteners tickets tags radio-frequency identification (RFID) inlays and tags and imprinting equipment and related services which it markets to retailers and apparel manufacturers and brand owners. The Companys operational segments include Pressure-sensitive Materials (PSM) Retail Branding and Information Solutions (RBIS) and Vancive Medical Technologies (Vancive).