Avery Dennison Co. (NYSE:AVY) SVP Nicholas Colisto Sells 3,679 Shares

Avery Dennison Co. (NYSE:AVY) SVP Nicholas Colisto sold 3,679 shares of Avery Dennison stock in a transaction on Monday, November 25th. The stock was sold at an average price of $206.00, for a total transaction of $757,874.00. Following the transaction, the senior vice president now directly owns 7,126 shares of the company’s stock, valued at approximately $1,467,956. This trade represents a 34.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Avery Dennison Trading Up 0.3 %

Shares of AVY opened at $205.19 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.92. Avery Dennison Co. has a 52-week low of $188.92 and a 52-week high of $233.48. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.60 and a beta of 0.89. The business’s fifty day moving average is $210.12 and its 200-day moving average is $216.33.

Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.32 by $0.01. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts anticipate that Avery Dennison Co. will post 9.42 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $3.52 dividend on an annualized basis and a yield of 1.72%. Avery Dennison’s dividend payout ratio (DPR) is presently 42.26%.

Analyst Ratings Changes

A number of brokerages recently commented on AVY. BMO Capital Markets decreased their price target on shares of Avery Dennison from $252.00 to $247.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut Avery Dennison from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays lowered their price objective on Avery Dennison from $250.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Citigroup reduced their target price on shares of Avery Dennison from $241.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, Bank of America raised shares of Avery Dennison from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $207.00 to $250.00 in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.96.

Institutional Investors Weigh In On Avery Dennison

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Avery Dennison by 195.2% during the first quarter. Cetera Investment Advisers now owns 17,863 shares of the industrial products company’s stock worth $3,988,000 after purchasing an additional 11,811 shares during the period. SG Americas Securities LLC grew its position in shares of Avery Dennison by 86.5% in the 2nd quarter. SG Americas Securities LLC now owns 32,538 shares of the industrial products company’s stock valued at $7,114,000 after buying an additional 15,092 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Avery Dennison in the second quarter valued at about $543,000. Swedbank AB lifted its stake in shares of Avery Dennison by 1.0% in the second quarter. Swedbank AB now owns 462,083 shares of the industrial products company’s stock worth $101,034,000 after acquiring an additional 4,673 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Avery Dennison by 11.0% during the 1st quarter. Jane Street Group LLC now owns 47,420 shares of the industrial products company’s stock worth $10,587,000 after buying an additional 4,697 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.