Avery Dennison (NYSE:AVY) Stock: Insider Andres Alberto Lopez Sells 4,000 Shares

Avery Dennison Corporation (NYSE:AVY) Director Andres Alberto Lopez sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $193.80, for a total transaction of $775,200.00. Following the transaction, the director directly owned 1,147 shares of the company’s stock, valued at approximately $222,288.60. This trade represents a 77.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Avery Dennison Trading Down 1.5%

Shares of NYSE:AVY opened at $186.81 on Friday. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The company has a market capitalization of $14.11 billion, a PE ratio of 20.22, a PEG ratio of 2.20 and a beta of 0.77. The business has a 50 day moving average of $174.92 and a two-hundred day moving average of $172.32. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 1.33.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.10. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a return on equity of 33.88% and a net margin of 7.56%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.37 earnings per share. As a group, analysts forecast that Avery Dennison Corporation will post 10.17 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 2nd. Avery Dennison’s dividend payout ratio (DPR) is 43.29%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AVY shares. UBS Group increased their price target on shares of Avery Dennison from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research report on Friday, August 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $181.00 price objective on shares of Avery Dennison in a report on Monday, September 28th. Weiss Ratings upgraded Avery Dennison from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Truist Financial cut their target price on Avery Dennison from $209.00 to $208.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $201.10.

Institutional Investors Weigh In On Avery Dennison

A number of institutional investors have recently modified their holdings of the company. Activest Wealth Management acquired a new position in Avery Dennison in the 3rd quarter valued at about $27,000. Trust Co. of Vermont acquired a new stake in shares of Avery Dennison during the second quarter worth about $27,000. Elevation Wealth Partners LLC lifted its position in shares of Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 171 shares in the last quarter. Louisbourg Investments Inc. purchased a new position in shares of Avery Dennison in the third quarter valued at approximately $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Avery Dennison in the second quarter valued at approximately $40,000. 94.17% of the stock is owned by institutional investors and hedge funds.

About Avery Dennison

Avery Dennison is a global materials science and digital identification solutions company. Its products include pressure-sensitive labels and adhesives, packaging materials, and graphic films used in applications such as product labeling, vehicle graphics, and building signage.

The company also develops technologies that help businesses identify and track products, including RFID inlays and tags, which can support inventory management and supply-chain visibility. Its solutions serve customers across industries such as apparel, food and beverage, logistics, healthcare, and retail.

Founded in 1935 by R.