Charter Trust Co buys $618,328 stake in Avery Dennison Corp (AVY)

Avery Dennison Corp (AVY) : Charter Trust Co scooped up 223 additional shares in Avery Dennison Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 8,088 shares of Avery Dennison Corp which is valued at $618,328.Avery Dennison Corp makes up approximately 0.07% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in AVY in the latest quarter, The investment management firm added 564 additional shares and now holds a total of 21,694 shares of Avery Dennison Corp which is valued at $1,658,506. Avery Dennison Corp makes up approx 0.04% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Atria Investments reduced its stake in AVY by selling 743 shares or 21.92% in the most recent quarter. The Hedge Fund company now holds 2,646 shares of AVY which is valued at $199,932. Avery Dennison Corp makes up approx 0.02% of Atria Investments’s portfolio.Dorsey Wright Associates reduced its stake in AVY by selling 16,085 shares or 28.7% in the most recent quarter. The Hedge Fund company now holds 39,960 shares of AVY which is valued at $3,045,352. Avery Dennison Corp makes up approx 1.53% of Dorsey Wright Associates’s portfolio.

Avery Dennison Corp opened for trading at $76.18 and hit $77.1 on the upside on Friday, eventually ending the session at $76.45, with a gain of 0.96% or 0.73 points. The heightened volatility saw the trading volume jump to 3,93,087 shares. Company has a market cap of $6,793 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.

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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