Avery Dennison Corporation (AVY) Director Sells $229,520.00 in Stock

Avery Dennison Corporation (NYSE:AVY) Director Peter K. Barker sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $114.76, for a total value of $229,520.00. Following the completion of the transaction, the director now directly owns 26,703 shares in the company, valued at approximately $3,064,436.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Avery Dennison Corporation (NYSE:AVY) traded up $1.63 during trading on Friday, reaching $115.91. The company’s stock had a trading volume of 1,041,071 shares, compared to its average volume of 678,132. The company has a market cap of $10,060.80, a P/E ratio of 24.47, a PEG ratio of 3.31 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 1.13 and a debt-to-equity ratio of 1.14. Avery Dennison Corporation has a 12 month low of $69.53 and a 12 month high of $116.13.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ 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 company 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 company posted $1.01 EPS. Avery Dennison’s quarterly revenue was up 11.3% on a year-over-year basis. equities analysts anticipate that Avery Dennison Corporation will post 4.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison’s payout ratio is 40.18%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Avery Dennison by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 9,196,133 shares of the industrial products company’s stock worth $812,662,000 after buying an additional 204,239 shares in the last quarter. State Street Corp grew its position in shares of Avery Dennison by 5.0% during the 2nd quarter. State Street Corp now owns 4,776,961 shares of the industrial products company’s stock worth $422,140,000 after buying an additional 229,297 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Avery Dennison by 21.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,937,495 shares of the industrial products company’s stock worth $171,216,000 after buying an additional 340,139 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Avery Dennison by 110.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,759,374 shares of the industrial products company’s stock worth $155,476,000 after buying an additional 923,548 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Avery Dennison by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,013,602 shares of the industrial products company’s stock worth $89,571,000 after buying an additional 17,094 shares in the last quarter. 85.42% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on AVY. Zacks Investment Research raised Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Tuesday, November 7th. Barclays upped their price objective on Avery Dennison from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Avery Dennison in a research report on Friday, October 27th. Finally, Loop Capital upped their price objective on Avery Dennison from $99.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Four 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. Avery Dennison currently has a consensus rating of “Buy” and a consensus target price of $110.83.

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Avery Dennison Company Profile

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 (NYSE:AVY)

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