Shares of Avery Dennison Corporation (NYSE:AVY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $120.53 and last traded at $118.88, with a volume of 483000 shares changing hands. The stock had previously closed at $117.38.

A number of analysts have issued reports on AVY shares. Robert W. Baird reissued a “buy” rating and issued a $115.00 target price on shares of Avery Dennison in a research report on Friday, October 27th. Zacks Investment Research raised Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Tuesday, November 7th. Loop Capital started coverage on Avery Dennison in a research report on Thursday, September 28th. They issued a “hold” rating and a $99.00 target price on the stock. Barclays boosted their target price on Avery Dennison from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. lowered Avery Dennison from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $116.00.

The company has a market capitalization of $10,620.00, a PE ratio of 26.93, a PEG ratio of 3.07 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. Avery Dennison had a return on equity of 40.52% and a net margin of 6.27%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. research analysts forecast that Avery Dennison Corporation will post 4.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, December 5th. Avery Dennison’s dividend payout ratio is currently 40.18%.

In other news, insider Dean A. Scarborough sold 20,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $105.00, for a total transaction of $2,100,000.00. Following the sale, the insider now owns 94,042 shares of the company’s stock, valued at $9,874,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mitchell R. Butier sold 77,551 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $106.31, for a total value of $8,244,446.81. Following the sale, the insider now directly owns 130,673 shares in the company, valued at approximately $13,891,846.63. The disclosure for this sale can be found here. Insiders have sold 154,604 shares of company stock worth $16,475,271 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of AVY. West Oak Capital LLC increased its position in shares of Avery Dennison by 114.3% during the fourth quarter. West Oak Capital LLC now owns 1,500 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 800 shares during the period. Conning Inc. purchased a new stake in shares of Avery Dennison during the third quarter worth $200,000. Davidson & Garrard Inc. purchased a new stake in shares of Avery Dennison during the third quarter worth $202,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Avery Dennison during the second quarter worth $207,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Avery Dennison during the third quarter worth $213,000. 84.92% of the stock is currently owned by institutional investors and hedge funds.

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About Avery Dennison

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).

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