Insider Selling: Avery Dennison Corporation (NYSE:AVY) Director Sells 298 Shares of Stock

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%.

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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).

Insider Buying and Selling by Quarter for Avery Dennison Corporation (NYSE:AVY)

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