Avery Dennison Corporation (NYSE:AVY) Chairman Dean A. Scarborough sold 4,280 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $108.35, for a total transaction of $463,738.00. Following the transaction, the chairman now directly owns 54,042 shares in the company, valued at approximately $5,855,450.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Avery Dennison Corporation (AVY) traded up $1.06 during trading on Friday, hitting $108.09. 598,231 shares of the stock were exchanged, compared to its average volume of 655,249. The company has a current ratio of 1.13, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. The stock has a market cap of $9.55 billion, a PE ratio of 23.22, a P/E/G ratio of 3.14 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 for the quarter, topping the consensus estimate of $1.21 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Avery Dennison Corporation had a net margin of 6.27% and a return on equity of 40.52%. Avery Dennison Corporation’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. analysts predict that Avery Dennison Corporation will post 4.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio is presently 40.18%.

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AVY has been the topic of a number of research reports. Citigroup Inc raised their target price on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Avery Dennison Corporation in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison Corporation in a research report on Friday, September 22nd. Loop Capital initiated 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, Zacks Investment Research downgraded shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $105.29.

Large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC purchased a new stake in Avery Dennison Corporation during the 2nd quarter worth approximately $129,000. Captrust Financial Advisors purchased a new stake in Avery Dennison Corporation during the 2nd quarter worth approximately $130,000. Pacad Investment Ltd. purchased a new stake in Avery Dennison Corporation during the 2nd quarter worth approximately $141,000. Conning Inc. purchased a new stake in Avery Dennison Corporation during the 3rd quarter worth approximately $200,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Avery Dennison Corporation during the 3rd quarter worth approximately $213,000. 86.76% of the stock is currently owned by institutional investors.

Avery Dennison Corporation 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 Corporation (NYSE:AVY)

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