Avery Dennison Corp (NYSE:AVY) Shareholder Clinton Group Inc Upped Its Position by $14.65 Million

May 17, 2018 - By Nicole Mills

Avery Dennison Corporation (NYSE:AVY) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.05. That’s change of 0.13, from 2017Q3’s 0.92. 25 investors sold all, 180 reduced holdings as AVY ratio is positive. 137 increased holdings while 79 funds amassed holdings. Funds hold 69.57 million shares thus 0.73% less from 2017Q3’s 70.08 million shares. Pictet Asset Mngmt Ltd owns 81,493 shs. Barclays Public Limited has invested 0.03% in Avery Dennison Corporation (NYSE:AVY). Fred Alger Mngmt owns 240 shs. Gradient Invs Limited Liability Corp has invested 0% in Avery Dennison Corporation (NYSE:AVY). Stifel Financial Corporation holds 33,120 shs or 0.01% of its capital. Prudential Public Limited invested 0.05% in Avery Dennison Corporation (NYSE:AVY). Rhumbline Advisers has 0.04% invested in Avery Dennison Corporation (NYSE:AVY). Redwood Investments Limited Liability Corporation holds 0.15% in Avery Dennison Corporation (NYSE:AVY) or 17,947 shs. Westpac Banking owns 0.01% invested in Avery Dennison Corporation (NYSE:AVY) for 4,703 shs. Proshare Advsrs Limited Co reported 27,068 shs. Plante Moran Advisors Limited Liability, Michigan-based fund reported 28 shs. Walthausen Co Limited Com reported 0.73% in Avery Dennison Corporation (NYSE:AVY). Nordea Inv Mngmt Ab, a Sweden-based fund reported 142,025 shs. Gam Holdg Ag reported 11,838 shs stake. California Pub Employees Retirement System invested 0.04% of its capital in Avery Dennison Corporation (NYSE:AVY).

AVY registered $16.36 million net activity with 0 insider purchases and 10 sales since December 12, 2017. 7,500 shs valued at $889,275 were sold by Butier Mitchell R on Thursday, February 22. Another trade for 21,134 shs valued at $2.50 million was made by Hill Anne on Thursday, February 22. On Tuesday, February 27 the insider Miller Susan C sold $376,753. On Tuesday, December 12 2,000 shs were sold by BARKER PETER K, worth $229,510. On Wednesday, February 14 $325,466 worth of stock was sold by Anderson Anthony.

Based on the latest 2018Q1 form from the SEC, Clinton Group Inc increased its holdings in Avery Dennison Corp (NYSE:AVY) by 560.36%. 138,207 shares were bought by Clinton Group Inc as Avery Dennison Corp (NYSE:AVY) stock declined 8.51% with the market. In 2018Q1, the 162,871 shares in Avery Dennison Corp (NYSE:AVY) held by Clinton Group Inc were valued $17.31 million, up from 24,664 last quarter. Clinton Group Inc cut its stake in and reduced position by shares for a total of shares.

Clinton Group Inc is a New York-based hedge fund that was founded by Greg Taxin. It had more than $2.04 billion assets under management in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Clinton Group latest Adv, the fund reported to have 40 full and part-time employees. Among which 25 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Avery Dennison Corporation (NYSE:AVY) Ratings Coverage

Total analysts of 9 have positions in Avery Dennison Corp (NYSE:AVY) as follows: 5 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 56%. Since December 15, 2017 according to StockzIntelligence Inc Avery Dennison Corp has 18 analyst reports. On Thursday, February 1 J.P. Morgan downgraded Avery Dennison Corporation (NYSE:AVY) to “Sell” rating. The stock rating was maintained by Robert W. Baird with “Buy” on Wednesday, January 10. In Wednesday, April 25 report KeyBanc Capital Markets maintained the stock with “Hold” rating. On Tuesday, March 27 the stock of Avery Dennison Corporation (NYSE:AVY) earned “Hold” rating by BMO Capital Markets. The company rating was upgraded by J.P. Morgan on Thursday, April 26. The company rating was maintained by Barclays Capital on Monday, February 12. On Thursday, April 26 the firm has “Neutral” rating given by JP Morgan. On Monday, February 12 the stock of Avery Dennison Corporation (NYSE:AVY) has “Neutral” rating given by JP Morgan. On Friday, February 2 KeyBanc Capital Markets maintained Avery Dennison Corporation (NYSE:AVY) with “Hold” rating. On Thursday, February 1 the stock has “Buy” rating by Robert W. Baird.

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide.The company has $9.50 billion market cap. The companyÂ’s Label and Graphic Materials segment offers pressure-sensitive labeling materials; packaging materials and solutions; roll-fed sleeves; engineered films; graphic imaging media; and reflective materials under the Fasson, JAC, and Avery Dennison brands.The P/E ratio is 34.47. It serves label converters, package designers, packaging engineers and manufacturers, industrial and sign manufacturers, printers, distributors, designers, advertising and government agencies, and graphics vendors.

Avery Dennison Corporation (NYSE:AVY) Institutional Investors Chart

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