Avery Dennison Corporation (NYSE:AVY) Director Julia A. Stewart sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $108.42, for a total value of $433,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Avery Dennison Corporation (NYSE AVY) traded down $0.61 during trading hours on Monday, reaching $112.02. The company’s stock had a trading volume of 782,057 shares, compared to its average volume of 658,196. Avery Dennison Corporation has a 12-month low of $69.53 and a 12-month high of $114.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13. The firm has a market cap of $9,915.54, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 3.26 and a beta of 1.24.
Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. Avery Dennison had a return on equity of 40.52% and a net margin of 6.27%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. analysts forecast that Avery Dennison Corporation will post 4.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison’s dividend payout ratio is 40.18%.
A number of research firms recently commented on AVY. Robert W. Baird restated a “buy” rating and set a $115.00 price target on shares of Avery Dennison in a research report on Friday, October 27th. Zacks Investment Research lowered Avery Dennison from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays increased their price target on Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. J P Morgan Chase & Co lowered Avery Dennison from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, Loop Capital began coverage on Avery Dennison in a research report on Thursday, September 28th. They set a “hold” rating and a $99.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $110.83.
Large investors have recently bought and sold shares of the business. National Asset Management Inc. lifted its stake in shares of Avery Dennison by 0.3% in the 2nd quarter. National Asset Management Inc. now owns 4,151 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 12 shares during the period. Veritable L.P. lifted its stake in shares of Avery Dennison by 0.6% in the 2nd quarter. Veritable L.P. now owns 2,777 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 16 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Avery Dennison by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 8,592 shares of the industrial products company’s stock valued at $759,000 after purchasing an additional 39 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Avery Dennison by 0.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,640 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 40 shares during the period. Finally, Spectrum Management Group Inc. lifted its stake in shares of Avery Dennison by 0.8% in the 2nd quarter. Spectrum Management Group Inc. now owns 5,030 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 40 shares during the period. 85.28% of the stock is currently owned by hedge funds and other institutional investors.
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About Avery Dennison
Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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