Avery Dennison Corporation (NYSE:AVY) Chairman Dean A. Scarborough sold 4,280 shares of Avery Dennison Corporation stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $108.35, for a total value of $463,738.00. Following the sale, the chairman now directly owns 54,042 shares of the company’s stock, valued at $5,855,450.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Avery Dennison Corporation (NYSE AVY) traded up $1.07 during trading hours on Friday, reaching $108.10. The company’s stock had a trading volume of 420,400 shares, compared to its average volume of 655,249. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 23.22 and a beta of 1.22.

Avery Dennison Corporation (NYSE:AVY) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. Avery Dennison Corporation had a return on equity of 40.52% and a net margin of 6.27%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. research analysts expect that Avery Dennison Corporation will post 4.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.67%. Avery Dennison Corporation’s payout ratio is 40.18%.

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A number of equities research analysts recently commented on the company. Zacks Investment Research cut Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays PLC lifted their price objective 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. Robert W. Baird reissued a “buy” rating and issued a $115.00 target price on shares of Avery Dennison Corporation in a research note on Friday, October 27th. Finally, Loop Capital boosted their target price on Avery Dennison Corporation from $99.00 to $106.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Five investment 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 stock. Avery Dennison Corporation presently has a consensus rating of “Buy” and a consensus target price of $105.29.

Several hedge funds have recently bought and sold shares of the company. National Asset Management Inc. boosted its position in shares of Avery Dennison Corporation by 0.3% during the second quarter. National Asset Management Inc. now owns 4,151 shares of the industrial products company’s stock worth $369,000 after buying an additional 12 shares during the period. Veritable L.P. boosted its position in shares of Avery Dennison Corporation by 0.6% during the second quarter. Veritable L.P. now owns 2,777 shares of the industrial products company’s stock worth $245,000 after buying an additional 16 shares during the period. Private Trust Co. NA boosted its position in shares of Avery Dennison Corporation by 0.5% during the second quarter. Private Trust Co. NA now owns 5,327 shares of the industrial products company’s stock worth $470,000 after buying an additional 28 shares during the period. CIBC Asset Management Inc boosted its position in shares of Avery Dennison Corporation by 0.5% during the second quarter. CIBC Asset Management Inc now owns 8,592 shares of the industrial products company’s stock worth $759,000 after buying an additional 39 shares during the period. Finally, Spectrum Management Group Inc. boosted its position in shares of Avery Dennison Corporation by 0.8% during the second quarter. Spectrum Management Group Inc. now owns 5,030 shares of the industrial products company’s stock worth $445,000 after buying an additional 40 shares during the period. 86.76% of the stock is owned by institutional investors.

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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