Trustmark National Bank Trust Department Cut Avery Dennison (AVY) Position By $2.89 Million; Ipg Photonics (IPGP)’s Sentiment Is 1.02

December 14, 2017 - By Clifton Ray

Trustmark National Bank Trust Department decreased Avery Dennison Corp (AVY) stake by 86.04% reported in 2017Q2 SEC filing. Trustmark National Bank Trust Department sold 32,840 shares as Avery Dennison Corp (AVY)’s stock rose 4.22%. The Trustmark National Bank Trust Department holds 5,328 shares with $471,000 value, down from 38,168 last quarter. Avery Dennison Corp now has $10.06 billion valuation. The stock decreased 0.10% or $0.12 during the last trading session, reaching $114.25. About 395,841 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 10.91% since December 14, 2016 and is uptrending. It has underperformed by 5.79% the S&P500.

IPG Photonics Corporation develops and makes a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications, primarily in materials processing worldwide. The company has market cap of $11.01 billion. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It has a 30.2 P/E ratio. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks, such as fiber to the home, fiber to the curb, passive optical networks, and dense wavelength division multiplexing networks; ytterbium and thulium specialty fiber amplifiers and broadband light sources; and single-frequency, linearly polarized, and polarization-maintaining versions of its amplifier products.

The stock increased 0.14% or $0.29 during the last trading session, reaching $205.35. About 328,159 shares traded. IPG Photonics Corporation (IPGP) has risen 67.64% since December 14, 2016 and is uptrending. It has outperformed by 50.94% the S&P500.

Westport Asset Management Inc holds 9.35% of its portfolio in IPG Photonics Corporation for 75,000 shares. Provident Investment Management Inc. owns 173,158 shares or 4.57% of their US portfolio. Moreover, Garrison Bradford & Associates Inc has 4.48% invested in the company for 35,650 shares. The Virginia-based Motley Fool Asset Management Llc has invested 4.1% in the stock. Motley Fool Wealth Management Llc, a Virginia-based fund reported 201,553 shares.

Analysts await IPG Photonics Corporation (NASDAQ:IPGP) to report earnings on February, 13. They expect $1.68 EPS, up 20.86% or $0.29 from last year’s $1.39 per share. IPGP’s profit will be $90.07 million for 30.56 P/E if the $1.68 EPS becomes a reality. After $2.11 actual EPS reported by IPG Photonics Corporation for the previous quarter, Wall Street now forecasts -20.38% negative EPS growth.

Since January 1, 0001, it had 0 insider purchases, and 6 sales for $10.65 million activity.

Ratings analysis reveals 100% of IPG Photonics’s analysts are positive. Out of 3 Wall Street analysts rating IPG Photonics, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $116.0 while the high is $137.0. The stock’s average target of $124.33 is -39.45% below today’s ($205.35) share price. IPGP was included in 3 notes of analysts from January 30, 2017. The firm earned “Buy” rating on Wednesday, February 15 by Dougherty & Company. The stock has “Buy” rating by Needham on Tuesday, January 31. The firm has “Buy” rating given on Monday, January 30 by Benchmark.

Among 9 analysts covering Avery Dennison (NYSE:AVY), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Avery Dennison had 23 analyst reports since October 15, 2015 according to SRatingsIntel. As per Tuesday, July 25, the company rating was maintained by KeyBanc Capital Markets. The rating was upgraded by Bank of America to “Neutral” on Wednesday, December 7. Loop Capital maintained the shares of AVY in report on Thursday, October 26 with “Hold” rating. JP Morgan downgraded Avery Dennison Corporation (NYSE:AVY) on Friday, May 20 to “Neutral” rating. As per Monday, October 23, the company rating was maintained by KeyBanc Capital Markets. On Tuesday, June 20 the stock rating was upgraded by Bank of America to “Buy”. The rating was maintained by Citigroup with “Buy” on Wednesday, July 26. The stock of Avery Dennison Corporation (NYSE:AVY) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, September 20. The stock of Avery Dennison Corporation (NYSE:AVY) has “Buy” rating given on Friday, January 6 by Citigroup. The rating was maintained by KeyBanc Capital Markets on Wednesday, June 21 with “Hold”.

Since August 3, 2017, it had 0 buys, and 3 insider sales for $3.22 million activity. Shares for $936,300 were sold by Siewert Patrick. 20,000 shares were sold by SCARBOROUGH DEAN A, worth $2.10 million. PYOTT DAVID E I also sold $188,000 worth of Avery Dennison Corporation (NYSE:AVY) on Monday, August 28.

Trustmark National Bank Trust Department increased Unitedhealth Group Inc (NYSE:UNH) stake by 1,627 shares to 19,066 valued at $3.54M in 2017Q2. It also upped Ishares stake by 8,799 shares and now owns 162,103 shares. Ishares (EMB) was raised too.

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on February, 7. They expect $1.25 earnings per share, up 26.26% or $0.26 from last year’s $0.99 per share. AVY’s profit will be $110.04M for 22.85 P/E if the $1.25 EPS becomes a reality. After $1.26 actual earnings per share reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts -0.79% negative EPS growth.

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