Avery Dennison Co. (NYSE:AVY – Get Free Report) Chairman Mitchell R. Butier sold 3,000 shares of Avery Dennison stock in a transaction on Friday, August 9th. The stock was sold at an average price of $206.80, for a total value of $620,400.00. Following the completion of the sale, the chairman now directly owns 304,114 shares of the company’s stock, valued at approximately $62,890,775.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Avery Dennison Price Performance
NYSE AVY opened at $208.95 on Thursday. The business’s fifty day moving average is $218.34 and its 200 day moving average is $217.02. Avery Dennison Co. has a fifty-two week low of $165.21 and a fifty-two week high of $233.48. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.60 and a current ratio of 0.90. The company has a market capitalization of $16.83 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.77 and a beta of 0.88.
Avery Dennison (NYSE:AVY – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.26 by $0.16. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.18 billion. Avery Dennison had a return on equity of 33.44% and a net margin of 7.34%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 earnings per share. Sell-side analysts predict that Avery Dennison Co. will post 9.39 earnings per share for the current year.
Avery Dennison Announces Dividend
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Taylor Frigon Capital Management LLC lifted its position in shares of Avery Dennison by 0.8% in the first quarter. Taylor Frigon Capital Management LLC now owns 6,386 shares of the industrial products company’s stock valued at $1,426,000 after acquiring an additional 48 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Avery Dennison by 3.3% in the 2nd quarter. Intech Investment Management LLC now owns 1,559 shares of the industrial products company’s stock worth $341,000 after purchasing an additional 50 shares in the last quarter. Albert D Mason Inc. boosted its stake in Avery Dennison by 0.7% in the 1st quarter. Albert D Mason Inc. now owns 7,456 shares of the industrial products company’s stock worth $1,665,000 after purchasing an additional 51 shares during the period. Alliance Wealth Advisors LLC UT grew its holdings in Avery Dennison by 1.5% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,840 shares of the industrial products company’s stock valued at $776,000 after buying an additional 56 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of Avery Dennison by 5.0% during the fourth quarter. First Trust Direct Indexing L.P. now owns 1,198 shares of the industrial products company’s stock valued at $242,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on AVY. Argus boosted their target price on Avery Dennison from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Robert W. Baird increased their price objective on shares of Avery Dennison from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Raymond James reaffirmed an “outperform” rating and issued a $240.00 target price (up previously from $225.00) on shares of Avery Dennison in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Avery Dennison from $218.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, StockNews.com raised Avery Dennison from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $239.96.
Check Out Our Latest Stock Report on Avery Dennison
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.
See Also
- Five stocks we like better than Avery Dennison
- Canada Bond Market Holiday: How to Invest and Trade
- Brinker International’s Price Dip is an Appetizing Entry Point
- What is a Dividend King?
- 3 Stocks That Could Beat the September Blues
- How is Compound Interest Calculated?
- Canopy Growth Stock: Can It Sustain Recent Gains?
Receive News & Ratings for Avery Dennison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison and related companies with MarketBeat.com's FREE daily email newsletter.