Avery Dennison Co. (NYSE:AVY) CFO Sells $657,516.80 in Stock

Avery Dennison Co. (NYSE:AVYGet Free Report) CFO Gregory Lovins sold 2,894 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $227.20, for a total transaction of $657,516.80. Following the transaction, the chief financial officer now owns 67,457 shares of the company’s stock, valued at $15,326,230.40. The transaction was disclosed in a filing with the SEC, which is available through this link.

Avery Dennison Trading Down 0.4 %

Shares of NYSE:AVY traded down $0.96 during midday trading on Monday, reaching $224.65. The company’s stock had a trading volume of 159,499 shares, compared to its average volume of 440,275. Avery Dennison Co. has a fifty-two week low of $158.93 and a fifty-two week high of $228.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.58 and a current ratio of 0.87. The firm has a 50 day moving average price of $217.35 and a two-hundred day moving average price of $203.69. The firm has a market capitalization of $18.10 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.46 and a beta of 0.91.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Wednesday, June 5th. Avery Dennison’s dividend payout ratio is presently 47.30%.

Institutional Trading of Avery Dennison

Hedge funds have recently modified their holdings of the stock. Bahl & Gaynor Inc. increased its position in Avery Dennison by 48.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 158,103 shares of the industrial products company’s stock valued at $35,296,000 after buying an additional 51,298 shares in the last quarter. Cynosure Group LLC acquired a new stake in Avery Dennison in the first quarter valued at approximately $320,000. Banco Santander S.A. bought a new stake in shares of Avery Dennison during the first quarter valued at approximately $416,000. Cumberland Partners Ltd raised its position in shares of Avery Dennison by 2.1% during the first quarter. Cumberland Partners Ltd now owns 31,335 shares of the industrial products company’s stock worth $6,996,000 after purchasing an additional 635 shares during the period. Finally, Trillium Asset Management LLC bought a new position in shares of Avery Dennison in the 1st quarter worth $14,634,000. Institutional investors own 94.17% of the company’s stock.

Wall Street Analysts Forecast Growth

AVY has been the topic of a number of research reports. Argus boosted their target price on shares of Avery Dennison from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their target price on Avery Dennison from $218.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Truist Financial lifted their price target on Avery Dennison from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Citigroup upped their price objective on Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Robert W. Baird boosted their target price on shares of Avery Dennison from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.50.

Get Our Latest Research Report on AVY

About Avery Dennison

(Get Free Report)

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.

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

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