Avery Dennison Corp. (NYSE:AVY) VP Susan C. Miller sold 2,000 shares of Avery Dennison Corp. stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $77.36, for a total value of $154,720.00. Following the completion of the sale, the vice president now owns 8,518 shares in the company, valued at $658,952.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Avery Dennison Corp. (NYSE:AVY) opened at 77.20 on Friday. The firm has a market capitalization of $6.86 billion, a PE ratio of 23.01 and a beta of 0.92. The stock has a 50 day moving average price of $77.30 and a 200-day moving average price of $75.16. Avery Dennison Corp. has a 12-month low of $57.06 and a 12-month high of $79.27.
Avery Dennison Corp. (NYSE:AVY) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Avery Dennison Corp. had a return on equity of 34.82% and a net margin of 5.18%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, equities research analysts forecast that Avery Dennison Corp. will post $3.94 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, September 2nd. Avery Dennison Corp.’s payout ratio is 48.81%.
Several hedge funds have recently made changes to their positions in the company. Springbok Capital Management LLC acquired a new position in shares of Avery Dennison Corp. during the first quarter worth about $136,000. Financial Architects Inc acquired a new position in shares of Avery Dennison Corp. during the second quarter worth about $169,000. Whittier Trust Co. raised its position in shares of Avery Dennison Corp. by 21.5% in the second quarter. Whittier Trust Co. now owns 2,357 shares of the company’s stock worth $176,000 after buying an additional 417 shares during the period. Creative Planning raised its position in shares of Avery Dennison Corp. by 62.0% in the second quarter. Creative Planning now owns 2,578 shares of the company’s stock worth $193,000 after buying an additional 987 shares during the period. Finally, Veritable L.P. acquired a new position in shares of Avery Dennison Corp. during the second quarter worth about $206,000. Institutional investors and hedge funds own 89.50% of the company’s stock.
A number of analysts recently weighed in on AVY shares. Zacks Investment Research upgraded Avery Dennison Corp. from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Wednesday, September 21st. JPMorgan Chase & Co. lifted their price objective on Avery Dennison Corp. from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Bank of America Corp. cut Avery Dennison Corp. from a “buy” rating to an “underperform” rating and set a $75.00 price objective for the company. in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $78.00.
Avery Dennison Corp. Company Profile