Avery Dennison Corporation (NYSE:AVY) Director David E. I. Pyott sold 298 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.00, for a total transaction of $28,012.00. Following the transaction, the director now owns 16,601 shares of the company’s stock, valued at approximately $1,560,494. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Avery Dennison Corporation (AVY) opened at 96.83 on Friday. Avery Dennison Corporation has a 12 month low of $68.55 and a 12 month high of $97.11. The firm’s 50-day moving average is $93.66 and its 200 day moving average is $86.71. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 22.75 and a beta of 1.18.
Avery Dennison Corporation (NYSE:AVY) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Avery Dennison Corporation had a net margin of 6.14% and a return on equity of 39.29%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. Equities analysts predict that Avery Dennison Corporation will post $4.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, September 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.86%. Avery Dennison Corporation’s dividend payout ratio is currently 42.25%.
COPYRIGHT VIOLATION WARNING: “Insider Selling: Avery Dennison Corporation (NYSE:AVY) Director Sells 298 Shares of Stock” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://ledgergazette.com/2017/09/17/avery-dennison-corporation-avy-director-sells-28012-00-in-stock.html.
AVY has been the subject of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $100.00 target price on shares of Avery Dennison Corporation in a report on Friday, September 1st. Citigroup Inc. upped their target price on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. BidaskClub raised shares of Avery Dennison Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Wednesday, June 21st. Finally, Bank of America Corporation raised shares of Avery Dennison Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $90.00 to $96.00 in a report on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Avery Dennison Corporation has a consensus rating of “Buy” and a consensus target price of $92.86.
Several institutional investors and hedge funds have recently modified their holdings of AVY. American Beacon Advisors Inc. bought a new position in shares of Avery Dennison Corporation during the 1st quarter worth approximately $105,000. Van ECK Associates Corp grew its stake in shares of Avery Dennison Corporation by 7.7% during the 1st quarter. Van ECK Associates Corp now owns 1,322 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 94 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Avery Dennison Corporation during the 2nd quarter worth approximately $129,000. Captrust Financial Advisors bought a new position in shares of Avery Dennison Corporation during the 2nd quarter worth approximately $130,000. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Avery Dennison Corporation by 21.1% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,737 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 303 shares in the last quarter. 87.76% of the stock is owned by institutional investors.
About Avery Dennison Corporation
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).
Receive News & Ratings for Avery Dennison Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison Corporation and related companies with MarketBeat.com's FREE daily email newsletter.