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Avery Dennison Corp (NYSE:AVY) Insider Donald A. Nolan sold 31,973 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $47.98, for a total transaction of $1,534,064.54. Following the sale, the insider now directly owns 19,229 shares of the company’s stock, valued at approximately $922,607. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on AVY shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Avery Dennison Corp in a research note on Wednesday, July 30th. They now have a $53.00 price target on the stock, down previously from $54.00. Separately, analysts at Topeka Capital Markets downgraded shares of Avery Dennison Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. They now have a $54.00 price target on the stock, down previously from $59.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Avery Dennison Corp in a research note on Monday, July 28th. They now have a $52.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Avery Dennison Corp has an average rating of “Buy” and a consensus price target of $54.17.

Avery Dennison Corp (NYSE:AVY) traded up 0.44% during mid-day trading on Thursday, hitting $48.11. 341,967 shares of the company’s stock traded hands. Avery Dennison Corp has a 1-year low of $42.01 and a 1-year high of $52.24. The stock’s 50-day moving average is $48.9 and its 200-day moving average is $49.5. The company has a market cap of $4.509 billion and a price-to-earnings ratio of 23.21.

Avery Dennison Corp (NYSE:AVY) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.80 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.80. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. Avery Dennison Corp’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that Avery Dennison Corp will post $3.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, August 29th.

Avery Dennison Corporation (NYSE:AVY), is engaged in the production of pressure-sensitive materials, and a variety of tickets, tags, labels other converted products, and office and consumer products through embossing, printing, stamping and die-cutting.

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