Avery Dennison Corporation (NYSE:AVY) VP Susan C. Miller sold 6,518 shares of Avery Dennison Corporation stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $105.17, for a total value of $685,498.06. Following the sale, the vice president now directly owns 13,409 shares of the company’s stock, valued at approximately $1,410,224.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio (DPR) is presently 40.18%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Asset Management Inc. boosted its holdings in shares of Avery Dennison Corporation by 0.3% during the 2nd quarter. National Asset Management Inc. now owns 4,151 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 12 shares during the last quarter. Veritable L.P. boosted its holdings in shares of Avery Dennison Corporation by 0.6% during the 2nd quarter. Veritable L.P. now owns 2,777 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 16 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Avery Dennison Corporation by 0.5% in the 2nd quarter. Private Trust Co. NA now owns 5,327 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 28 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Avery Dennison Corporation by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 8,592 shares of the industrial products company’s stock valued at $759,000 after acquiring an additional 39 shares during the last quarter. Finally, Spectrum Management Group Inc. lifted its holdings in shares of Avery Dennison Corporation by 0.8% in the 2nd quarter. Spectrum Management Group Inc. now owns 5,030 shares of the industrial products company’s stock valued at $445,000 after acquiring an additional 40 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. Barclays PLC lifted their price target on Avery Dennison Corporation from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison Corporation in a research note on Monday. Zacks Investment Research lowered Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 price target on shares of Avery Dennison Corporation in a research note on Friday, October 27th. Finally, Loop Capital lifted their price target on Avery Dennison Corporation from $99.00 to $106.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $105.29.

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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