Media stories about Avery Dennison Corporation (NYSE:AVY) have trended positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Avery Dennison Corporation earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.5002712619269 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of Avery Dennison Corporation (AVY) opened at 95.01 on Friday. The firm has a market capitalization of $8.40 billion, a PE ratio of 22.32 and a beta of 1.18. Avery Dennison Corporation has a 52-week low of $68.55 and a 52-week high of $96.70. The company has a 50 day moving average of $93.34 and a 200 day moving average of $85.77.

Avery Dennison Corporation (NYSE:AVY) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. On average, analysts anticipate that Avery Dennison Corporation will post $4.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be issued a $0.45 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.89%. Avery Dennison Corporation’s dividend payout ratio is 42.25%.

AVY has been the subject of a number of recent research reports. Citigroup Inc. lifted their price target on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Monday, May 22nd. Bank of America Corporation upgraded shares of Avery Dennison Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $96.00 in a report on Tuesday, June 20th. Robert W. Baird reiterated a “buy” rating and set a $100.00 price target on shares of Avery Dennison Corporation in a report on Friday. Finally, BidaskClub downgraded shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $92.86.

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In other news, Director Patrick Siewert sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $93.63, for a total value of $936,300.00. Following the transaction, the director now owns 10,519 shares in the company, valued at approximately $984,893.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David E. I. Pyott sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $94.00, for a total value of $188,000.00. Following the completion of the transaction, the director now owns 16,601 shares in the company, valued at approximately $1,560,494. The disclosure for this sale can be found here. Insiders sold a total of 12,298 shares of company stock worth $1,152,312 in the last quarter. 1.40% of the stock is owned by corporate insiders.

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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