Peter K. Barker Sells 2,000 Shares of Avery Dennison Corporation (AVY) Stock

Avery Dennison Corporation (NYSE:AVY) Director Peter K. Barker sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $114.76, for a total value of $229,520.00. Following the transaction, the director now owns 26,703 shares of the company’s stock, valued at $3,064,436.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Avery Dennison Corporation (NYSE AVY) opened at $115.91 on Friday. Avery Dennison Corporation has a 52 week low of $69.53 and a 52 week high of $116.13. The stock has a market capitalization of $10,060.80, a price-to-earnings ratio of 24.47, a PEG ratio of 3.31 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 1.13 and a debt-to-equity ratio of 1.14.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.55%. Avery Dennison’s payout ratio is 40.18%.

Several large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC grew its stake in shares of Avery Dennison by 4.0% in the third quarter. Parametric Portfolio Associates LLC now owns 386,686 shares of the industrial products company’s stock worth $38,027,000 after purchasing an additional 15,005 shares in the last quarter. Optimum Investment Advisors bought a new position in shares of Avery Dennison in the third quarter worth $221,000. Visionary Asset Management Inc. grew its stake in shares of Avery Dennison by 67.8% in the third quarter. Visionary Asset Management Inc. now owns 6,410 shares of the industrial products company’s stock worth $630,000 after purchasing an additional 2,589 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Avery Dennison by 16.2% in the third quarter. Public Employees Retirement System of Ohio now owns 48,494 shares of the industrial products company’s stock worth $4,769,000 after purchasing an additional 6,752 shares in the last quarter. Finally, Cypress Capital Group grew its stake in shares of Avery Dennison by 18.5% in the third quarter. Cypress Capital Group now owns 51,105 shares of the industrial products company’s stock worth $5,026,000 after purchasing an additional 7,986 shares in the last quarter. 85.42% of the stock is owned by institutional investors.

A number of brokerages recently commented on AVY. KeyCorp restated a “hold” rating on shares of Avery Dennison in a research note on Monday, October 30th. Zacks Investment Research downgraded Avery Dennison from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. J P Morgan Chase & Co downgraded Avery Dennison from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Loop Capital upped their price objective on Avery Dennison from $99.00 to $106.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Barclays upped their price objective on Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $110.83.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2017/12/16/peter-k-barker-sells-2000-shares-of-avery-dennison-corporation-avy-stock.html.

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).

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

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

Leave a Reply