Avery Dennison Corp (AVY) Director Anthony Anderson Sells 2,770 Shares

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.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, March 6th. Avery Dennison’s dividend payout ratio (DPR) is presently 57.51%.

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).

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

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