Avery Dennison Corporation (NYSE:AVY) – Equities research analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for shares of Avery Dennison Corporation in a research note issued on Monday. KeyCorp analyst A. Josephson now anticipates that the industrial products company will post earnings per share of $4.95 for the year, up from their previous estimate of $4.90. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Avery Dennison Corporation’s Q4 2017 earnings at $1.27 EPS and FY2018 earnings at $5.44 EPS.

Avery Dennison Corporation (NYSE:AVY) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Avery Dennison Corporation had a return on equity of 40.49% and a net margin of 6.27%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS.

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A number of other analysts have also recently weighed in on the company. Barclays PLC increased their price target on Avery Dennison Corporation from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday. J P Morgan Chase & Co cut Avery Dennison Corporation from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Robert W. Baird reiterated a “buy” rating and set a $115.00 price target on shares of Avery Dennison Corporation in a research report on Friday. Zacks Investment Research upgraded Avery Dennison Corporation from a “sell” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Friday. Finally, Citigroup Inc. increased their price target on Avery Dennison Corporation from $106.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Four 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 company. Avery Dennison Corporation has an average rating of “Buy” and a consensus target price of $105.29.

Avery Dennison Corporation (NYSE:AVY) opened at 105.32 on Tuesday. The company’s 50-day moving average price is $99.75 and its 200-day moving average price is $91.35. The stock has a market cap of $9.31 billion, a P/E ratio of 24.74 and a beta of 1.19. Avery Dennison Corporation has a 1-year low of $68.68 and a 1-year high of $106.24.

The firm also recently disclosed 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 yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio (DPR) is 40.18%.

In related news, insider Dean A. Scarborough sold 20,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $105.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now directly owns 94,042 shares of the company’s stock, valued at approximately $9,874,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Dean A. Scarborough sold 10,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $104.54, for a total value of $1,045,400.00. Following the completion of the transaction, the chairman now directly owns 94,042 shares of the company’s stock, valued at $9,831,150.68. The disclosure for this sale can be found here. Insiders sold a total of 42,298 shares of company stock valued at $4,297,712 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Acrospire Investment Management LLC bought a new position in Avery Dennison Corporation during the 2nd quarter valued at $129,000. Captrust Financial Advisors bought a new position in Avery Dennison Corporation during the 2nd quarter valued at $130,000. Pacad Investment Ltd. bought a new position in Avery Dennison Corporation during the 2nd quarter valued at $141,000. Conning Inc. bought a new position in Avery Dennison Corporation during the 3rd quarter valued at $200,000. Finally, Flagship Harbor Advisors LLC bought a new position in Avery Dennison Corporation during the 3rd quarter valued at $213,000. 86.76% of the stock is owned by hedge funds and other institutional investors.

About Avery Dennison Corporation

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).

Earnings History and Estimates for Avery Dennison Corporation (NYSE:AVY)

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