Avery Dennison Co. (NYSE:AVY – Get Free Report) Chairman Mitchell R. Butier sold 3,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $206.80, for a total value of $620,400.00. Following the sale, the chairman now owns 304,114 shares in the company, valued at approximately $62,890,775.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Avery Dennison Stock Performance
Shares of AVY stock opened at $209.09 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89. Avery Dennison Co. has a 12-month low of $165.21 and a 12-month high of $233.48. The business’s 50 day moving average is $218.72 and its two-hundred day moving average is $217.08. The company has a market capitalization of $16.84 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.77 and a beta of 0.88.
Avery Dennison (NYSE:AVY – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.16. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.18 billion. Avery Dennison had a return on equity of 33.44% and a net margin of 7.34%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Analysts expect that Avery Dennison Co. will post 9.39 EPS for the current fiscal year.
Avery Dennison Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Raymond James reiterated an “outperform” rating and issued a $240.00 price target (up previously from $225.00) on shares of Avery Dennison in a report on Thursday, April 25th. Stifel Nicolaus assumed coverage on shares of Avery Dennison in a report on Tuesday, July 9th. They set a “buy” rating and a $274.60 target price for the company. Truist Financial upped their price target on shares of Avery Dennison from $253.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets reduced their price objective on Avery Dennison from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Robert W. Baird raised their target price on Avery Dennison from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $239.96.
Check Out Our Latest Analysis on Avery Dennison
Institutional Investors Weigh In On Avery Dennison
Several institutional investors have recently bought and sold shares of AVY. Innealta Capital LLC acquired a new stake in shares of Avery Dennison in the second quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in Avery Dennison during the 2nd quarter valued at about $42,000. VisionPoint Advisory Group LLC acquired a new stake in Avery Dennison in the 4th quarter valued at about $42,000. 1620 Investment Advisors Inc. purchased a new position in Avery Dennison in the 2nd quarter worth approximately $51,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of 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 purchasing an additional 166 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.
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.
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