Avery Dennison Corporation (NYSE:AVY) Chairman Dean A. Scarborough sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $104.54, for a total transaction of $1,045,400.00. Following the sale, the chairman now owns 94,042 shares in the company, valued at approximately $9,831,150.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Avery Dennison Corporation (AVY) opened at 105.32 on Tuesday. The firm has a 50 day moving average of $99.75 and a 200-day moving average of $91.35. Avery Dennison Corporation has a one year low of $68.68 and a one year high of $106.24. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 24.74 and a beta of 1.19.
Avery Dennison Corporation (NYSE:AVY) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Avery Dennison Corporation had a net margin of 6.27% and a return on equity of 40.49%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. Equities research analysts forecast that Avery Dennison Corporation will post $4.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio is currently 40.18%.
ILLEGAL ACTIVITY WARNING: This story was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.com-unik.info/2017/10/31/avery-dennison-corporation-avy-chairman-dean-a-scarborough-sells-10000-shares.html.
A number of analysts recently issued reports on AVY shares. Zacks Investment Research upgraded shares of Avery Dennison Corporation from a “sell” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Friday. Robert W. Baird reiterated a “buy” rating and issued a $115.00 price target on shares of Avery Dennison Corporation in a report on Friday. Citigroup Inc. lifted their price target on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. KeyCorp reiterated a “hold” rating on shares of Avery Dennison Corporation in a report on Monday. Finally, Loop Capital initiated coverage on shares of Avery Dennison Corporation in a report on Thursday, September 28th. They issued a “hold” rating and a $99.00 price target on the stock. Four equities 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’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.29.
Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC acquired a new position in Avery Dennison Corporation during the 2nd quarter valued at $129,000. Captrust Financial Advisors acquired a new position in Avery Dennison Corporation during the 2nd quarter valued at $130,000. Pacad Investment Ltd. acquired a new position in Avery Dennison Corporation during the 2nd quarter valued at $141,000. Conning Inc. acquired a new position in Avery Dennison Corporation during the 3rd quarter valued at $200,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Avery Dennison Corporation during the 3rd quarter valued at $213,000. Hedge funds and other institutional investors own 86.76% 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).
What are top analysts saying about Avery Dennison Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Avery Dennison Corporation and related companies.