Avery Dennison Corporation (NYSE:AVY) Chairman Dean A. Scarborough sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $105.88, for a total transaction of $1,058,800.00. Following the transaction, the chairman now owns 74,042 shares in the company, valued at $7,839,566.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Avery Dennison Corporation (NYSE:AVY) last announced 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. Avery Dennison Corporation had a net margin of 6.27% and a return on equity of 40.49%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio is presently 40.18%.

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Several large investors have recently made changes to their positions in AVY. Principal Financial Group Inc. increased its position in shares of Avery Dennison Corporation by 110.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,759,374 shares of the industrial products company’s stock valued at $155,476,000 after purchasing an additional 923,548 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of Avery Dennison Corporation in the 2nd quarter valued at approximately $71,964,000. State of Tennessee Treasury Department increased its position in shares of Avery Dennison Corporation by 265.7% in the 3rd quarter. State of Tennessee Treasury Department now owns 490,850 shares of the industrial products company’s stock valued at $48,270,000 after purchasing an additional 356,628 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Avery Dennison Corporation by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,937,495 shares of the industrial products company’s stock valued at $171,216,000 after purchasing an additional 340,139 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its position in shares of Avery Dennison Corporation by 67.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 648,482 shares of the industrial products company’s stock valued at $57,067,000 after purchasing an additional 262,211 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

AVY has been the topic of a number of recent research reports. Citigroup Inc. increased their price objective on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Robert W. Baird reiterated a “buy” rating and set a $100.00 price objective on shares of Avery Dennison Corporation in a research note on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Avery Dennison Corporation in a research note on Friday, September 22nd. Loop Capital initiated coverage on shares of Avery Dennison Corporation in a research note on Thursday, September 28th. They set 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 note on Tuesday, September 26th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $105.29.

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).

Insider Buying and Selling by Quarter for Avery Dennison Corporation (NYSE:AVY)

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