Rational Advisors buys $2,306,605 stake in Avery Dennison Corp (AVY)

Avery Dennison Corp (AVY) : Rational Advisors scooped up 5,000 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 10, 2016. The investment management firm now holds a total of 29,500 shares of Avery Dennison Corp which is valued at $2,306,605.Avery Dennison Corp makes up approximately 1.59% of Rational Advisors’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd boosted its stake in AVY in the latest quarter, The investment management firm added 27,414 additional shares and now holds a total of 134,336 shares of Avery Dennison Corp which is valued at $10,503,732. Avery Dennison Corp makes up approx 0.04% of Blackrock Japan Ltd’s portfolio.Eaton Vance Management reduced its stake in AVY by selling 2 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 15,427 shares of AVY which is valued at $1,207,934.Wesbanco Bank Inc reduced its stake in AVY by selling 110 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 3,586 shares of AVY which is valued at $280,784. Avery Dennison Corp makes up approx 0.02% of Wesbanco Bank Inc’s portfolio.First Quadrant L Pca reduced its stake in AVY by selling 19 shares or 16.1% in the most recent quarter. The Hedge Fund company now holds 99 shares of AVY which is valued at $7,270.

Avery Dennison Corp opened for trading at $76.42 and hit $77.62 on the upside on Friday, eventually ending the session at $77.45, with a gain of 0.65% or 0.5 points. The heightened volatility saw the trading volume jump to 4,18,202 shares. Company has a market cap of $6,882 M.

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 Company’s 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 Company’s operational segments include Pressure-sensitive Materials (PSM) Retail Branding and Information Solutions (RBIS) and Vancive Medical Technologies (Vancive).

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