Avery Dennison Corporation (AVY) VP Sells $688,896.00 in Stock
Avery Dennison Corporation (NYSE:AVY) VP Deon Stander sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $107.64, for a total value of $688,896.00. Following the sale, the vice president now directly owns 9,426 shares of the company’s stock, valued at $1,014,614.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Deon Stander also recently made the following trade(s):
- On Monday, November 6th, Deon Stander sold 3,000 shares of Avery Dennison Corporation stock. The shares were sold at an average price of $107.23, for a total value of $321,690.00.
Avery Dennison Corporation (NYSE:AVY) opened at $105.19 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13. Avery Dennison Corporation has a 52-week low of $68.93 and a 52-week high of $108.99. The stock has a market capitalization of $9,310.73, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 3.06 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Avery Dennison Corporation had a return on equity of 40.52% and a net margin of 6.27%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. sell-side analysts forecast that Avery Dennison Corporation will post 4.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio is currently 40.18%.
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Several research firms have commented on AVY. Zacks Investment Research downgraded Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of Avery Dennison Corporation in a research report on Monday, October 30th. Barclays PLC boosted their target price on Avery Dennison Corporation from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Robert W. Baird reiterated a “buy” rating and set a $115.00 target price on shares of Avery Dennison Corporation in a research report on Friday, October 27th. Finally, Loop Capital started coverage on Avery Dennison Corporation in a research report on Thursday, September 28th. They set a “hold” rating and a $99.00 target price on the stock. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $105.71.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AVY. Acrospire Investment Management LLC acquired a new stake in shares of Avery Dennison Corporation in the 2nd quarter worth approximately $129,000. Captrust Financial Advisors acquired a new stake in shares of Avery Dennison Corporation in the 2nd quarter worth approximately $130,000. Pacad Investment Ltd. acquired a new stake in shares of Avery Dennison Corporation in the 2nd quarter worth approximately $141,000. Conning Inc. acquired a new stake in shares of Avery Dennison Corporation in the 3rd quarter worth approximately $200,000. Finally, Davidson & Garrard Inc. acquired a new stake in shares of Avery Dennison Corporation in the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 86.56% of the company’s stock.
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).
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