Avery Dennison Corp. (NYSE:AVY) shares hit a new 52-week high on Friday . The company traded as high as $78.95 and last traded at $78.38, with a volume of 239,295 shares changing hands. The stock had previously closed at $77.39.

AVY has been the topic of a number of recent research reports. Credit Suisse Group AG initiated coverage on shares of Avery Dennison Corp. in a research report on Friday, April 22nd. They set a “neutral” rating and a $75.00 price target on the stock. Barclays PLC lifted their price target on shares of Avery Dennison Corp. from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. cut shares of Avery Dennison Corp. from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $78.00 in a research report on Friday, May 20th. Bank of America Corp. cut shares of Avery Dennison Corp. from a “buy” rating to an “underperform” rating and set a $75.00 price target on the stock. in a research report on Friday, July 1st. Finally, Zacks Investment Research cut shares of Avery Dennison Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $78.14.

The stock has a market cap of $7.12 billion and a price-to-earnings ratio of 23.39. The company has a 50-day moving average price of $74.49 and a 200-day moving average price of $71.13.

Avery Dennison Corp. (NYSE:AVY) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company earned $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company posted $0.91 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Avery Dennison Corp. will post $3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be paid a $0.41 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.09%.

In related news, VP Susan C. Miller sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $73.82, for a total transaction of $147,640.00. Following the completion of the sale, the vice president now owns 8,518 shares of the company’s stock, valued at $628,798.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anne Hill sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $76.25, for a total value of $2,287,500.00. Following the sale, the vice president now directly owns 77,847 shares of the company’s stock, valued at approximately $5,935,833.75. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in AVY. Freestone Capital Holdings LLC boosted its stake in Avery Dennison Corp. by 66.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 16,162 shares of the company’s stock valued at $1,013,000 after buying an additional 6,480 shares in the last quarter. Utah Retirement Systems boosted its stake in Avery Dennison Corp. by 0.6% in the fourth quarter. Utah Retirement Systems now owns 16,325 shares of the company’s stock valued at $1,023,000 after buying an additional 100 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in Avery Dennison Corp. by 23.9% in the fourth quarter. I.G. Investment Management LTD. now owns 18,458 shares of the company’s stock valued at $1,157,000 after buying an additional 3,561 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Avery Dennison Corp. by 2.1% in the fourth quarter. Nationwide Fund Advisors now owns 27,352 shares of the company’s stock valued at $1,714,000 after buying an additional 554 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Avery Dennison Corp. by 0.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 28,949 shares of the company’s stock valued at $1,814,000 after buying an additional 200 shares in the last quarter.

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 pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting.

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