Conning Inc. bought a new position in Avery Dennison Corporation in the third quarter valued at approximately $200,000. The average twelve-month target price among analysts that have issued ratings on the stock in the past year is $106.33. Catalyst Capital Advisors LLC owned approximately 0.07% of Avery Dennison Corp. worth $4,497,000 as of its most recent SEC filing.
Loop Capital raised the price target of the stock on October 26 changing the forecast from $99.00 to $106.00 and stated a "Hold" rating. KeyCorp reissued a "hold" rating on shares of Avery Dennison Corporation in a research note on Friday, September 22nd. Zacks Investment Research downgraded shares of Avery Dennison Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, September 26th. The company presently has an average rating of "Buy" and an average target price of $105.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 585,200 shares of the company's stock were exchanged, compared to its average volume of 656,869. Creative Planning raised its position in shares of Avery Dennison Corp.by 62.0% in the second quarter.
Shares of Avery Dennison Corporation (AVY) traded down $0.57 during trading on Thursday, reaching $105.19. The shares were sold at an average price of $94.00, for a total value of $28,012.00.
Here is a rundown on some insider market activity for Avery Dennison Corp (NYSE:AVY). Also, Director Patrick Siewert sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $93.63, for a total transaction of $936,300.00. The company's P/E ratio is 23.67 and the market cap of the company is 9.35B.
Avery Dennison Corporation (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 25th.
In other Avery Dennison Corporation news, Director David E.I. Pyott sold 298 shares of the firm's stock in a transaction dated Monday, August 28th.
Avery Dennison Corp. had a return on equity of 35.98% and a net margin of 5.27%. Xact Kapitalforvaltning AB now owns 15,170 shares of the industrial products company's stock valued at $1,341,000 after purchasing an additional 359 shares in the last quarter. The Company's RBIS segment designs, manufactures and sells a range of branding and information solutions to retailers, brand owners, apparel manufacturers, distributors and industrial customers on a global basis. Veritable L.P. grew its stake in Avery Dennison Corporation by 0.6% during the second quarter. Acrospire Investment Management LLC acquired a new position in Avery Dennison Corporation during the second quarter valued at approximately $129,000. As of the latest earnings report the EPS was $4.48 with 88.04M shares now outstanding. The disclosure for this sale can be found here. Eads & Heald Investment Counsel now owns 6,703 shares of the industrial products company's stock worth $659,000 after acquiring an additional 2,503 shares during the last quarter. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Hedge funds and other institutional investors own 86.43% of the company's stock. During the same quarter in the prior year, the company earned $1.01 EPS.
COPYRIGHT VIOLATION NOTICE: "Dupont Capital Management Corp Has $4.62 Million Position in Avery Dennison Corporation (AVY)" was first published by Week Herald and is the sole property of of Week Herald.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 7th will be given a $0.41 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.67%. Finally, Davidson & Garrard Inc. bought a new position in Avery Dennison Corporation in the third quarter valued at approximately $202,000. Avery Dennison Corporation's dividend payout ratio (DPR) is 40.18%.
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.