Avery Dennison Corp (NYSE:AVY) Director Anthony Anderson sold 2,770 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $117.50, for a total value of $325,475.00. Following the completion of the sale, the director now owns 4,014 shares of the company’s stock, valued at approximately $471,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Avery Dennison Corp (NYSE AVY) opened at $118.80 on Friday. Avery Dennison Corp has a one year low of $78.47 and a one year high of $123.67. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The firm has a market cap of $10,458.68, a price-to-earnings ratio of 23.71, a PEG ratio of 2.89 and a beta of 1.20.
Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.08. Avery Dennison had a net margin of 4.26% and a return on equity of 42.26%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.99 earnings per share. Avery Dennison’s revenue for the quarter was up 11.9% compared to the same quarter last year. research analysts predict that Avery Dennison Corp will post 5.88 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. We Are One Seven LLC acquired a new position in shares of Avery Dennison in the fourth quarter worth $434,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Avery Dennison in the fourth quarter worth $473,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Avery Dennison by 42.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,700 shares of the industrial products company’s stock worth $655,000 after acquiring an additional 1,700 shares during the last quarter. Banco de Sabadell S.A acquired a new position in shares of Avery Dennison in the fourth quarter worth $1,405,000. Finally, Meitav Dash Investments Ltd. acquired a new position in shares of Avery Dennison in the fourth quarter worth $1,190,000. 85.62% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Avery Dennison from an “underweight” rating to a “neutral” rating in a report on Monday, February 12th. Zacks Investment Research upgraded Avery Dennison from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Monday, January 8th. Barclays increased their target price on Avery Dennison from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Loop Capital increased their target price on Avery Dennison from $99.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Avery Dennison in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $122.75.
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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).
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