Avery Dennison (NYSE:AVY) Price Target Raised to $250.00 at Robert W. Baird

Avery Dennison (NYSE:AVYFree Report) had its target price boosted by Robert W. Baird from $230.00 to $250.00 in a research report released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Several other brokerages have also recently commented on AVY. Citigroup lifted their price target on shares of Avery Dennison from $223.00 to $234.00 and gave the stock a neutral rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price target on shares of Avery Dennison from $218.00 to $220.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. Argus lifted their price objective 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. Raymond James reissued an outperform rating and set a $240.00 price objective (up previously from $225.00) on shares of Avery Dennison in a research note on Thursday, April 25th. Finally, Truist Financial lifted their price objective on shares of Avery Dennison from $248.00 to $253.00 and gave the stock a buy rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $230.50.

Get Our Latest Stock Report on Avery Dennison

Avery Dennison Trading Down 0.3 %

AVY opened at $226.29 on Friday. Avery Dennison has a 1-year low of $162.32 and a 1-year high of $229.98. The firm has a 50-day moving average price of $220.99 and a two-hundred day moving average price of $209.82. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $18.23 billion, a PE ratio of 33.04, a PEG ratio of 2.10 and a beta of 0.91.

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

Avery Dennison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.81. Avery Dennison’s payout ratio is presently 51.39%.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, insider Ryan D. Yost sold 1,400 shares of Avery Dennison stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $213.29, for a total value of $298,606.00. Following the transaction, the insider now owns 2,843 shares of the company’s stock, valued at $606,383.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Deena Baker-Nel sold 3,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $228.17, for a total value of $684,510.00. Following the sale, the senior vice president now owns 1,577 shares of the company’s stock, valued at $359,824.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Yost sold 1,400 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the sale, the insider now directly owns 2,843 shares in the company, valued at approximately $606,383.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,777 shares of company stock valued at $2,654,858. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Avery Dennison

Institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. lifted 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 worth $744,000 after purchasing an additional 864 shares in the last quarter. Jump Financial LLC acquired a new position in Avery Dennison during the fourth quarter worth $1,213,000. UBS Group AG increased its holdings 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 buying an additional 63,716 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Avery Dennison during the fourth quarter worth $2,715,000. Finally, Norden Group LLC increased its holdings in Avery Dennison by 3.9% during the fourth quarter. Norden Group LLC now owns 4,026 shares of the industrial products company’s stock worth $814,000 after buying an additional 151 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

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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Analyst Recommendations for Avery Dennison (NYSE:AVY)

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