Avery Dennison Corp (NYSE:AVY) insider Georges Gravanis sold 2,500 shares of Avery Dennison stock in a transaction on Friday, July 26th. The stock was sold at an average price of $116.88, for a total transaction of $292,200.00. Following the transaction, the insider now directly owns 13,637 shares in the company, valued at $1,593,892.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NYSE:AVY opened at $117.19 on Monday. The business has a 50-day moving average of $114.15. The company has a quick ratio of 0.80, a current ratio of 1.04 and a debt-to-equity ratio of 1.41. The stock has a market cap of $9.89 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.16 and a beta of 1.35. Avery Dennison Corp has a fifty-two week low of $82.89 and a fifty-two week high of $120.65.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.83 billion. Avery Dennison had a net margin of 3.44% and a return on equity of 52.67%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. As a group, analysts predict that Avery Dennison Corp will post 6.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, September 3rd. Avery Dennison’s dividend payout ratio (DPR) is currently 38.28%.

A number of equities analysts have issued reports on AVY shares. KeyCorp reaffirmed a “hold” rating on shares of Silgan in a report on Wednesday, April 24th. Citigroup lifted their price objective on shares of Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SAGE Therapeutics in a report on Wednesday, July 24th. Zacks Investment Research downgraded shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Finally, Bank of America set a $80.00 price objective on shares of Colgate-Palmolive and gave the stock a “buy” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Avery Dennison currently has a consensus rating of “Hold” and a consensus price target of $120.13.

Several large investors have recently modified their holdings of AVY. Dimensional Fund Advisors LP lifted its position in Avery Dennison by 15.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 709,191 shares of the industrial products company’s stock worth $63,705,000 after buying an additional 95,641 shares in the last quarter. Jane Street Group LLC lifted its position in Avery Dennison by 82.4% in the 4th quarter. Jane Street Group LLC now owns 19,033 shares of the industrial products company’s stock worth $1,710,000 after buying an additional 8,598 shares in the last quarter. Legal & General Group Plc lifted its position in Avery Dennison by 6.6% in the 4th quarter. Legal & General Group Plc now owns 507,685 shares of the industrial products company’s stock worth $45,605,000 after buying an additional 31,563 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Avery Dennison by 56.5% during the 4th quarter. Amalgamated Bank now owns 20,755 shares of the industrial products company’s stock valued at $1,864,000 after purchasing an additional 7,494 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Avery Dennison by 52.2% during the 4th quarter. Nordea Investment Management AB now owns 325,525 shares of the industrial products company’s stock valued at $29,240,000 after purchasing an additional 111,675 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors.

Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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Insider Buying and Selling by Quarter for Avery Dennison (NYSE:AVY)

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