Avery Dennison Co. (NYSE:AVY) Insider Ryan D. Yost Sells 149 Shares of Stock

Avery Dennison Co. (NYSE:AVYGet Free Report) insider Ryan D. Yost sold 149 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $226.38, for a total transaction of $33,730.62. Following the completion of the transaction, the insider now owns 2,110 shares of the company’s stock, valued at approximately $477,661.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Avery Dennison Stock Performance

Shares of AVY stock opened at $227.47 on Wednesday. The stock has a market cap of $18.32 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.09 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.87 and a quick ratio of 0.58. The company has a fifty day moving average price of $220.78 and a two-hundred day moving average price of $209.32. Avery Dennison Co. has a one year low of $162.32 and a one year high of $229.98.

Avery Dennison (NYSE:AVYGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.14. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Avery Dennison had a net margin of 6.56% and a return on equity of 32.59%. As a group, equities analysts predict that Avery Dennison Co. will post 9.32 EPS for the current year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be given a $0.88 dividend. The ex-dividend date is Wednesday, June 5th. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.81. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. Avery Dennison’s dividend payout ratio is presently 47.30%.

Hedge Funds Weigh In On Avery Dennison

Large investors have recently modified their holdings of the stock. QRG Capital Management Inc. raised its position in shares of Avery Dennison by 30.7% in the fourth quarter. QRG Capital Management Inc. now owns 3,682 shares of the industrial products company’s stock valued at $744,000 after purchasing an additional 864 shares during the period. Jump Financial LLC bought a new position in shares of Avery Dennison in the fourth quarter valued at about $1,213,000. UBS Group AG increased its position in Avery Dennison by 54.1% during the fourth quarter. UBS Group AG now owns 181,418 shares of the industrial products company’s stock worth $36,675,000 after acquiring an additional 63,716 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in Avery Dennison during the fourth quarter worth about $2,715,000. Finally, Mutual of America Capital Management LLC increased its position in Avery Dennison by 133.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 26,318 shares of the industrial products company’s stock worth $5,320,000 after acquiring an additional 15,040 shares during the period. 94.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AVY shares. Truist Financial increased their target price on shares of Avery Dennison from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Argus increased their target price on shares of Avery Dennison from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Robert W. Baird increased 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. Citigroup increased their target price on shares of Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $218.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.50.

Read Our Latest Analysis on Avery Dennison

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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