Avery Dennison Co. (NYSE:AVY) SVP Sells $757,874.00 in Stock

Avery Dennison Co. (NYSE:AVY) SVP Nicholas Colisto sold 3,679 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the sale, the senior vice president now owns 7,126 shares in the company, valued at $1,467,956. The trade was a 34.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Avery Dennison Stock Performance

Shares of AVY stock traded up $1.03 during trading on Wednesday, reaching $205.65. 27,980 shares of the company’s stock were exchanged, compared to its average volume of 470,771. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $16.52 billion, a PE ratio of 24.58, a PEG ratio of 1.60 and a beta of 0.89. Avery Dennison Co. has a twelve month low of $188.92 and a twelve month high of $233.48. The firm’s fifty day moving average price is $210.21 and its 200-day moving average price is $216.41.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm posted $2.10 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Avery Dennison Co. will post 9.42 EPS for the current year.

Avery Dennison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, December 4th. Avery Dennison’s dividend payout ratio is 42.26%.

Analyst Upgrades and Downgrades

Several research firms have commented on AVY. Citigroup cut their target price on Avery Dennison from $241.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Bank of America raised Avery Dennison from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $207.00 to $250.00 in a research report on Thursday, October 17th. StockNews.com lowered Avery Dennison from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays lowered their price target 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. Finally, JPMorgan Chase & Co. lowered Avery Dennison from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $230.00 to $210.00 in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in Avery Dennison by 13.7% in the 3rd quarter. Tidal Investments LLC now owns 5,957 shares of the industrial products company’s stock valued at $1,315,000 after buying an additional 716 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Avery Dennison by 384.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,203 shares of the industrial products company’s stock valued at $1,369,000 after acquiring an additional 4,923 shares during the period. World Investment Advisors LLC lifted its position in shares of Avery Dennison by 17.4% during the 3rd quarter. World Investment Advisors LLC now owns 3,953 shares of the industrial products company’s stock valued at $873,000 after acquiring an additional 587 shares during the period. Anchor Investment Management LLC lifted its position in shares of Avery Dennison by 256.3% during the 3rd quarter. Anchor Investment Management LLC now owns 766 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 551 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Avery Dennison during the 3rd quarter valued at $381,000. 94.17% of the stock is owned by institutional investors and hedge funds.

About Avery Dennison

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.