Avery Dennison Corp (NYSE:AVY) has received an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $118.33.

AVY has been the topic of a number of analyst reports. JPMorgan Chase & Co. downgraded Avery Dennison from an “overweight” rating to a “neutral” rating and set a $105.00 price target on the stock. in a research note on Friday, March 15th. They noted that the move was a valuation call. KeyCorp restated a “sector weight” rating and issued a $110.00 price target on shares of Avery Dennison in a research note on Sunday, April 7th. Loop Capital downgraded Avery Dennison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. BMO Capital Markets lifted their price target on Avery Dennison to $114.00 and gave the company a “market perform” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research downgraded Avery Dennison from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th.

In other news, VP Lori J. Bondar sold 8,444 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $109.03, for a total value of $920,649.32. Following the completion of the sale, the vice president now owns 25,872 shares of the company’s stock, valued at $2,820,824.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ken C. Hicks sold 9,691 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $110.10, for a total value of $1,066,979.10. Following the completion of the sale, the director now directly owns 28,396 shares of the company’s stock, valued at approximately $3,126,399.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,328 shares of company stock valued at $25,927,220. 1.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc boosted its holdings in Avery Dennison by 0.5% in the third quarter. Vanguard Group Inc now owns 9,807,709 shares of the industrial products company’s stock valued at $1,062,666,000 after purchasing an additional 44,059 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Avery Dennison by 55.8% during the third quarter. JPMorgan Chase & Co. now owns 1,810,315 shares of the industrial products company’s stock valued at $196,147,000 after buying an additional 648,126 shares in the last quarter. Boston Partners raised its stake in Avery Dennison by 25.7% during the first quarter. Boston Partners now owns 1,635,444 shares of the industrial products company’s stock valued at $184,805,000 after buying an additional 333,924 shares in the last quarter. Geode Capital Management LLC raised its stake in Avery Dennison by 3.2% during the first quarter. Geode Capital Management LLC now owns 1,186,427 shares of the industrial products company’s stock valued at $133,827,000 after buying an additional 36,240 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Avery Dennison by 318.0% during the first quarter. Voya Investment Management LLC now owns 1,099,152 shares of the industrial products company’s stock valued at $124,204,000 after buying an additional 836,182 shares in the last quarter. 86.64% of the stock is owned by institutional investors.

Shares of Avery Dennison stock traded up $1.46 during trading on Friday, reaching $101.15. The company’s stock had a trading volume of 22,177 shares, compared to its average volume of 622,645. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.14 and a quick ratio of 0.80. Avery Dennison has a 12-month low of $82.89 and a 12-month high of $117.00. The company has a market cap of $8.50 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.88 and a beta of 1.35.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.02. Avery Dennison had a return on equity of 53.28% and a net margin of 2.74%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Avery Dennison will post 6.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, June 4th. This is an increase from Avery Dennison’s previous quarterly dividend of $0.52. Avery Dennison’s payout ratio is 34.32%.

Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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Analyst Recommendations for Avery Dennison (NYSE:AVY)

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