Avery Dennison Co. (NYSE:AVY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Avery Dennison Co. (NYSE:AVY) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $221.00.

A number of research analysts recently issued reports on AVY shares. StockNews.com downgraded Avery Dennison from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Truist Financial reiterated a “buy” rating and set a $249.00 price objective on shares of Avery Dennison in a report on Friday, January 19th. Bank of America downgraded Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 price objective for the company. in a report on Tuesday, January 2nd. Citigroup boosted their price target on Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, UBS Group boosted their price target on Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th.

Insider Transactions at Avery Dennison

In other news, Director Julia A. Stewart sold 5,311 shares of Avery Dennison stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the transaction, the director now directly owns 5,018 shares in the company, valued at approximately $1,014,940.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Julia A. Stewart sold 5,311 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $202.26, for a total value of $1,074,202.86. Following the completion of the sale, the director now directly owns 5,018 shares in the company, valued at approximately $1,014,940.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ignacio J. Walker sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $213.90, for a total value of $1,069,500.00. Following the completion of the sale, the senior vice president now owns 6,102 shares of the company’s stock, valued at $1,305,217.80. The disclosure for this sale can be found here. In the last three months, insiders sold 19,879 shares of company stock worth $4,217,705. 1.10% of the stock is owned by company insiders.

Institutional Trading of Avery Dennison

A number of institutional investors have recently modified their holdings of AVY. Clear Street Markets LLC lifted its position in shares of Avery Dennison by 92.7% during the 1st quarter. Clear Street Markets LLC now owns 158 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Avery Dennison during the 3rd quarter valued at $32,000. Eagle Bay Advisors LLC bought a new stake in shares of Avery Dennison during the 2nd quarter valued at $33,000. IFP Advisors Inc lifted its position in shares of Avery Dennison by 56.3% during the 2nd quarter. IFP Advisors Inc now owns 200 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 72 shares during the period. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Avery Dennison during the 1st quarter worth $35,000. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Up 1.1 %

Shares of Avery Dennison stock opened at $211.57 on Tuesday. Avery Dennison has a 1 year low of $158.93 and a 1 year high of $225.26. The business has a 50-day moving average of $214.97 and a two-hundred day moving average of $199.41. The company has a market capitalization of $17.04 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.04 and a quick ratio of 0.69.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Avery Dennison had a return on equity of 30.97% and a net margin of 6.01%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. As a group, equities analysts predict that Avery Dennison will post 9.28 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $3.24 annualized dividend and a dividend yield of 1.53%. Avery Dennison’s dividend payout ratio is currently 52.17%.

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.