Avery Dennison Corporation (AVY) CAO Sells $1,203,602.40 in Stock

Avery Dennison Corporation (NYSE:AVY) CAO Lori J. Bondar sold 10,855 shares of Avery Dennison Corporation stock in a transaction on Monday, November 20th. The shares were sold at an average price of $110.88, for a total value of $1,203,602.40. Following the completion of the sale, the chief accounting officer now directly owns 18,556 shares of the company’s stock, valued at approximately $2,057,489.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Avery Dennison Corporation (NYSE AVY) traded up $2.41 during mid-day trading on Tuesday, reaching $110.70. The company’s stock had a trading volume of 946,100 shares, compared to its average volume of 656,819. Avery Dennison Corporation has a 1 year low of $69.53 and a 1 year high of $111.31. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13. The stock has a market capitalization of $9,530.00, a P/E ratio of 23.19, a PEG ratio of 3.14 and a beta of 1.22.

Avery Dennison Corporation (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.05. Avery Dennison Corporation had a return on equity of 40.52% and a net margin of 6.27%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. equities analysts predict that Avery Dennison Corporation will post 4.93 earnings per share for the current fiscal year.

The company also recently declared 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. This represents a $1.80 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio (DPR) is presently 40.18%.

ILLEGAL ACTIVITY WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/21/avery-dennison-corporation-avy-cao-sells-1203602-40-in-stock.html.

A number of brokerages have recently commented on AVY. Zacks Investment Research raised Avery Dennison Corporation from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Tuesday, November 7th. Barclays PLC lifted their price objective on Avery Dennison Corporation from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison Corporation in a research report on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Avery Dennison Corporation in a research report on Friday, October 27th. Finally, Loop Capital lifted their price objective on Avery Dennison Corporation from $99.00 to $106.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Avery Dennison Corporation presently has an average rating of “Buy” and a consensus target price of $105.71.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Avery Dennison Corporation by 2.3% during the second quarter. Vanguard Group Inc. now owns 9,196,133 shares of the industrial products company’s stock valued at $812,662,000 after acquiring an additional 204,239 shares during the period. State Street Corp lifted its stake in shares of Avery Dennison Corporation by 5.0% during the second quarter. State Street Corp now owns 4,776,961 shares of the industrial products company’s stock worth $422,140,000 after purchasing an additional 229,297 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Avery Dennison Corporation by 21.3% during the second quarter. Victory Capital Management Inc. now owns 1,937,495 shares of the industrial products company’s stock worth $171,216,000 after purchasing an additional 340,139 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Avery Dennison Corporation by 110.5% during the second quarter. Principal Financial Group Inc. now owns 1,759,374 shares of the industrial products company’s stock worth $155,476,000 after purchasing an additional 923,548 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Avery Dennison Corporation by 1.7% during the second quarter. Wells Fargo & Company MN now owns 1,013,602 shares of the industrial products company’s stock worth $89,571,000 after purchasing an additional 17,094 shares in the last quarter. 86.80% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Avery Dennison Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply