Avery Dennison Corporation (NYSE:AVY) Director Peter K. Barker sold 2,000 shares of Avery Dennison stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $114.76, for a total transaction of $229,520.00. Following the sale, the director now owns 26,703 shares in the company, valued at $3,064,436.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Avery Dennison Corporation (NYSE AVY) traded down $0.09 during midday trading on Wednesday, hitting $114.37. 519,958 shares of the company’s stock were exchanged, compared to its average volume of 660,415. Avery Dennison Corporation has a one year low of $69.53 and a one year high of $115.56. The company has a market capitalization of $10,122.42, a P/E ratio of 24.62, a PEG ratio of 3.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13.

Avery Dennison (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 Zacks’ consensus estimate of $1.21 by $0.05. Avery Dennison had a net margin of 6.27% and a return on equity of 40.52%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $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 year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison’s dividend payout ratio (DPR) is 40.18%.

Several brokerages have recently weighed in on AVY. Zacks Investment Research lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Loop Capital began coverage on shares of Avery Dennison in a report on Thursday, September 28th. They set a “hold” rating and a $99.00 price target for the company. KeyCorp reissued a “hold” rating on shares of Avery Dennison in a report on Monday, October 30th. Robert W. Baird reissued a “buy” rating and set a $115.00 price target on shares of Avery Dennison in a report on Friday, October 27th. Finally, J P Morgan Chase & Co downgraded shares of Avery Dennison from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $110.83.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in shares of Avery Dennison during the second quarter worth approximately $129,000. Captrust Financial Advisors bought a new stake in shares of Avery Dennison during the second quarter worth approximately $130,000. Pacad Investment Ltd. bought a new stake in shares of Avery Dennison during the second quarter worth approximately $141,000. Conning Inc. acquired a new position in Avery Dennison during the third quarter valued at approximately $200,000. Finally, Davidson & Garrard Inc. acquired a new position in Avery Dennison during the third quarter valued at approximately $202,000. 85.42% of the stock is owned by institutional investors and hedge funds.

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Avery Dennison 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 (NYSE:AVY)

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