Trade Report: Today, 2,000 Shares of Avery Dennison Corp. (AVY) Stock are sold by Susan C. Miller

Today, 2,000 Shares of Avery Dennison Corp. (AVY) Stock are sold by Susan C. Miller

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

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