Avery Dennison Corp (NYSE:AVY) VP Lori J. Bondar sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $111.50, for a total value of $557,500.00. Following the transaction, the vice president now directly owns 22,428 shares in the company, valued at approximately $2,500,722. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:AVY traded down $0.66 during mid-day trading on Friday, reaching $110.39. The stock had a trading volume of 444,774 shares, compared to its average volume of 634,632. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 1.77. The company has a market cap of $9.44 billion, a P/E ratio of 18.22, a PEG ratio of 2.07 and a beta of 1.33. Avery Dennison Corp has a twelve month low of $82.89 and a twelve month high of $117.00.
Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.02. Avery Dennison had a net margin of 2.74% and a return on equity of 53.28%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts expect that Avery Dennison Corp will post 6.55 EPS for the current year.
Institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its stake in shares of Avery Dennison by 73.8% during the 1st quarter. Rockefeller Capital Management L.P. now owns 226 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 96 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Avery Dennison by 90.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 286 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of Avery Dennison during the 1st quarter worth approximately $36,000. CSat Investment Advisory L.P. increased its stake in shares of Avery Dennison by 60.8% during the 4th quarter. CSat Investment Advisory L.P. now owns 341 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 129 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Avery Dennison during the 4th quarter worth approximately $40,000. 88.20% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Avery Dennison from an “overweight” rating to a “neutral” rating and set a $105.00 target price for the company. in a research note on Friday, March 15th. They noted that the move was a valuation call. KeyCorp reiterated a “sector weight” rating and set a $110.00 target price on shares of Avery Dennison in a research note on Sunday, April 7th. Loop Capital downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $118.00.
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Avery Dennison Company Profile
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.
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