Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Avery Dennison Co. NYSE: AVY. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Avery Dennison stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
Avery Dennison Price Performance
Shares of AVY traded up $2.28 during trading hours on Monday, reaching $178.05. The company had a trading volume of 716,426 shares, compared to its average volume of 542,225. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.07 and a beta of 0.85. Avery Dennison Co. has a 12-month low of $173.02 and a 12-month high of $233.48. The firm has a 50 day simple moving average of $183.29 and a 200-day simple moving average of $196.43. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10.
Avery Dennison (NYSE:AVY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.38 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. Research analysts expect that Avery Dennison Co. will post 9.96 earnings per share for the current year.
Avery Dennison Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.52 annualized dividend and a dividend yield of 1.98%. Avery Dennison's payout ratio is currently 40.37%.
Insider Buying and Selling at Avery Dennison
In related news, Chairman Mitchell R. Butier sold 8,068 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $186.19, for a total transaction of $1,502,180.92. Following the completion of the sale, the chairman now directly owns 316,300 shares of the company's stock, valued at approximately $58,891,897. This trade represents a 2.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages recently commented on AVY. UBS Group lowered their price objective on shares of Avery Dennison from $235.00 to $207.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Truist Financial reissued a "buy" rating and set a $215.00 price objective (down from $245.00) on shares of Avery Dennison in a research note on Friday, January 31st. Citigroup reduced their target price on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets set a $226.00 price target on Avery Dennison in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upgraded Avery Dennison from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $210.00 to $205.00 in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $222.51.
Check Out Our Latest Report on Avery Dennison
Hedge Funds Weigh In On Avery Dennison
Several institutional investors and hedge funds have recently bought and sold shares of AVY. Larson Financial Group LLC increased its holdings in shares of Avery Dennison by 100.0% during the 3rd quarter. Larson Financial Group LLC now owns 142 shares of the industrial products company's stock worth $31,000 after buying an additional 71 shares during the last quarter. Regents Gate Capital LLP purchased a new stake in Avery Dennison during the fourth quarter valued at about $37,000. Brooklyn Investment Group acquired a new position in shares of Avery Dennison in the 3rd quarter valued at about $66,000. Spire Wealth Management grew its stake in Avery Dennison by 76.0% during the fourth quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock worth $56,000 after buying an additional 130 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in shares of Avery Dennison by 18.8% in the fourth quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company's stock worth $69,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 94.17% of the company's stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Avery Dennison
(
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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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