Avery Dennison Corporation (NYSE:AVY) CAO Lori J. Bondar sold 10,855 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $110.88, for a total transaction of $1,203,602.40. Following the transaction, the chief accounting officer now directly owns 18,556 shares in the company, valued at $2,057,489.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Avery Dennison Corporation (NYSE:AVY) opened at $111.10 on Friday. Avery Dennison Corporation has a 1 year low of $69.53 and a 1 year high of $111.83. The company has a quick ratio of 0.82, a current ratio of 1.13 and a debt-to-equity ratio of 1.14. The company has a market cap of $9,780.84, a PE ratio of 23.79, a P/E/G ratio of 3.22 and a beta of 1.22.
Avery Dennison Corporation (NYSE:AVY) last released its earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Avery Dennison Corporation had a net margin of 6.27% and a return on equity of 40.52%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. analysts anticipate that Avery Dennison Corporation will post 4.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.62%. Avery Dennison Corporation’s dividend payout ratio (DPR) is 40.18%.
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Large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC purchased a new position in Avery Dennison Corporation in the 2nd quarter valued at about $129,000. Captrust Financial Advisors acquired a new position in shares of Avery Dennison Corporation during the 2nd quarter valued at about $130,000. Pacad Investment Ltd. acquired a new position in shares of Avery Dennison Corporation during the 2nd quarter valued at about $141,000. Conning Inc. acquired a new position in shares of Avery Dennison Corporation during the 3rd quarter valued at about $200,000. Finally, Davidson & Garrard Inc. acquired a new position in shares of Avery Dennison Corporation during the 3rd quarter valued at about $202,000. Institutional investors own 86.80% of the company’s stock.
A number of equities analysts have recently weighed in on AVY shares. Zacks Investment Research raised shares of Avery Dennison Corporation from a “sell” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 price target on shares of Avery Dennison Corporation in a research note on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison Corporation in a research note on Monday, October 30th. Loop Capital began coverage on shares of Avery Dennison Corporation in a research report on Thursday, September 28th. They issued a “hold” rating and a $99.00 price objective on the stock. Finally, J P Morgan Chase & Co lowered shares of Avery Dennison Corporation from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $110.83.
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).
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