Shares of Avery Dennison Corporation (NYSE:AVY) reached a new 52-week high during trading on Friday . The stock traded as high as $101.83 and last traded at $0.00, with a volume of shares traded.

Several analysts have commented on AVY shares. Robert W. Baird reaffirmed a “buy” rating and issued a $100.00 target price on shares of Avery Dennison Corporation in a research note on Friday, September 1st. Loop Capital started coverage on shares of Avery Dennison Corporation in a research note on Thursday, September 28th. They issued a “hold” rating and a $99.00 target price for the company. Zacks Investment Research lowered shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Citigroup Inc. lifted their price target on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Avery Dennison Corporation in a report on Friday, September 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $93.14.

Avery Dennison Corporation (NYSE:AVY) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.10. Avery Dennison Corporation had a net margin of 6.14% and a return on equity of 39.29%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 5.7% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, September 1st. Avery Dennison Corporation’s dividend payout ratio (DPR) is presently 42.25%.

In other news, Director David E. I. Pyott sold 298 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $94.00, for a total value of $28,012.00. Following the completion of the transaction, the director now owns 16,601 shares in the company, valued at approximately $1,560,494. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David E. I. Pyott sold 2,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the transaction, the director now owns 16,601 shares of the company’s stock, valued at approximately $1,560,494. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,298 shares of company stock valued at $1,152,312. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of Avery Dennison Corporation by 24.4% in the 2nd quarter. Toronto Dominion Bank now owns 30,010 shares of the industrial products company’s stock valued at $2,651,000 after buying an additional 5,880 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Avery Dennison Corporation by 21.4% in the 2nd quarter. WINTON GROUP Ltd now owns 30,708 shares of the industrial products company’s stock valued at $2,714,000 after buying an additional 5,403 shares in the last quarter. National Asset Management Inc. raised its stake in shares of Avery Dennison Corporation by 0.3% in the 2nd quarter. National Asset Management Inc. now owns 4,151 shares of the industrial products company’s stock valued at $369,000 after buying an additional 12 shares in the last quarter. Piedmont Investment Advisors LLC raised its stake in shares of Avery Dennison Corporation by 37.5% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 25,098 shares of the industrial products company’s stock valued at $2,218,000 after buying an additional 6,850 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Avery Dennison Corporation by 3.6% in the 2nd quarter. Sterling Capital Management LLC now owns 65,421 shares of the industrial products company’s stock valued at $5,781,000 after buying an additional 2,257 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

WARNING: This piece was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/10/13/avery-dennison-corporation-avy-hits-new-52-week-high-at-101-83.html.

Avery Dennison Corporation Company Profile

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 segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

Receive News & Ratings for Avery Dennison Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison Corporation and related companies with MarketBeat.com's FREE daily email newsletter.