From MarketBeat:

M&T Bank Corp announced trimming its stake in Avery Dennison Co. by 21.6% during the third quarter, according to their recent SEC filing. The fund sold 11,503 shares and now owns 41,852 shares, valued at $7,645,000 at the end of the most recent quarter. Other hedge funds have also changed their holdings in AVY stock.

Avery Dennison stock saw a 1.1% increase, opening at $200.60 on Friday, with a one-year low of $158.93 and a one-year high of $203.70. The company holds a market capitalization of $16.15 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 3.11, and a beta of 0.93.

Avery Dennison last reported EPS of $2.10, surpassing the consensus estimate by $0.03. The company also recently declared a $0.81 quarterly dividend and has a dividend yield of 1.62%. Analysts expect the company to post 7.86 EPS for the current year. Many research analysts have issued price targets for AVY stock.

Avery Dennison Corporation operates as materials science and digital identification solutions company. They provide branding and information labeling solutions, including pressure-sensitive materials, RFID inlays and tags, and various converted products and solutions. The company has a consensus rating of “Moderate Buy” and a consensus price target of $216.38.



Read more: M&T Bank Corp Reduces Position in Avery Dennison Co. (NYSE:AVY)