Avery Dennison Co. (NYSE:AVY) SVP Sells $684,510.00 in Stock

Avery Dennison Co. (NYSE:AVY) SVP Deena Baker-Nel sold 3,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $228.17, for a total value of $684,510.00. Following the completion of the transaction, the senior vice president now directly owns 1,577 shares in the company, valued at $359,824.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $227.05 on Monday. The stock’s 50-day simple moving average is $219.53 and its 200-day simple moving average is $207.30. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.58 and a current ratio of 0.87. The firm has a market capitalization of $18.29 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.09 and a beta of 0.91. Avery Dennison Co. has a fifty-two week low of $158.93 and a fifty-two week high of $229.98.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.14. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Avery Dennison had a return on equity of 32.59% and a net margin of 6.56%. As a group, equities research analysts forecast that Avery Dennison Co. will post 9.32 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, June 5th. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.81. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. Avery Dennison’s payout ratio is currently 47.30%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AVY. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Avery Dennison in the 3rd quarter worth approximately $32,000. Milestone Investment Advisors LLC purchased a new stake in Avery Dennison during the 3rd quarter worth $36,000. Anchor Investment Management LLC acquired a new stake in shares of Avery Dennison in the fourth quarter valued at about $42,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Avery Dennison during the fourth quarter valued at approximately $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Avery Dennison by 164.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock worth $54,000 after buying an additional 166 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AVY shares. StockNews.com raised Avery Dennison from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. Raymond James reaffirmed an “outperform” rating and set a $240.00 price objective (up previously from $225.00) on shares of Avery Dennison in a research note on Thursday, April 25th. Citigroup raised their price objective on shares of Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Argus lifted their target price on Avery Dennison from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird boosted their price target on shares of Avery Dennison from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $228.50.

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.