Avery Dennison Corporation (AVY) CAO Lori J. Bondar Sells 10,855 Shares
Avery Dennison Corporation (NYSE:AVY) CAO Lori J. Bondar sold 10,855 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $110.88, for a total transaction of $1,203,602.40. Following the completion of the sale, the chief accounting officer now owns 18,556 shares in the company, valued at approximately $2,057,489.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Avery Dennison Corporation (AVY) traded down $0.28 during trading on Wednesday, reaching $110.42. 805,100 shares of the company’s stock were exchanged, compared to its average volume of 657,478. The company has a current ratio of 1.13, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. Avery Dennison Corporation has a 52 week low of $69.53 and a 52 week high of $111.83. The firm has a market cap of $9,745.63, a P/E ratio of 23.70, a PEG ratio of 3.21 and a beta of 1.22.
Avery Dennison Corporation (NYSE:AVY) last released 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 net margin of 6.27% and a return on equity of 40.52%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.63%. Avery Dennison Corporation’s payout ratio is presently 40.18%.
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AVY has been the topic of several recent analyst reports. Citigroup Inc. boosted their target price on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Robert W. Baird reiterated a “buy” rating and set a $100.00 price target on shares of Avery Dennison Corporation in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of Avery Dennison Corporation in a research report on Friday, September 22nd. Finally, Barclays PLC upped their price target on shares of Avery Dennison Corporation from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $110.83.
Institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC acquired a new position in Avery Dennison Corporation during the 2nd quarter valued at about $129,000. Captrust Financial Advisors bought a new stake in shares of Avery Dennison Corporation in the 2nd quarter valued at about $130,000. Pacad Investment Ltd. bought a new stake in shares of Avery Dennison Corporation in the 2nd quarter valued at about $141,000. Conning Inc. bought a new stake in shares of Avery Dennison Corporation in the 3rd quarter valued at about $200,000. Finally, Davidson & Garrard Inc. bought a new stake in shares of Avery Dennison Corporation in the 3rd quarter valued at about $202,000. Institutional investors own 86.80% of the company’s stock.
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).
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