A recent filing with the Securities and Exchange Commission revealed that Gregory Lovins, the Senior Vice President and Chief Financial Officer of Avery Dennison Corp (NYSE:), has sold 2,894 shares of company stock. The transaction, dated May 10, 2024, was executed at a price of $227.20 per share, amounting to a total value of $657,516.

The sale has adjusted Lovins’ direct holdings in the company to 67,457 shares. Additionally, it is noted that Lovins holds an indirect position of 2,165.5841 shares through a Savings Plan. The details of the transaction were made public via a Form 4 document filed with the SEC on May 13, 2024.

Avery Dennison Corp, known for its production of pressure-sensitive adhesive materials, apparel branding labels, tags, and specialty medical products, is a leader in the converted paper and paperboard products industry. The company, with its headquarters in Glendale, California, operates under the ticker AVY on the New York Stock Exchange.

Investors and market watchers often scrutinize insider transactions as they can provide insights into a company’s financial health and future prospects. However, it’s important to note that such transactions do not necessarily indicate a change in company fundamentals, and can be motivated by various personal financial considerations of the executives involved.

The document was signed by Vikas Arora, attorney-in-fact for Gregory Lovins, indicating the completion and verification of the reported transaction.

InvestingPro Insights

Avery Dennison Corp (NYSE:AVY), a key player in the materials science industry, has been the subject of investor attention following the recent insider sale by its CFO. In light of this event, it is important to consider the company’s performance metrics and trends that could influence investor perception and stock valuation.

According to InvestingPro data, Avery Dennison boasts a market capitalization of $18.09 billion, reflecting its significant presence in the market. The company’s Price to Earnings (P/E) ratio stands at a high 32.64, with an adjusted P/E for the last twelve months as of Q1 2024 at 27.74. This high earnings multiple suggests a premium valuation, which could be indicative of investor confidence in the company’s future earnings potential. Additionally, the Price to Book (P/B) ratio is noted at 8.2, which is also on the higher side, potentially signaling that the stock is valued richly in relation to its net assets.

InvestingPro Tips for Avery Dennison highlight that the company has a history of consistent dividend payments, having maintained them for 54 consecutive years, and has raised its dividend for 13 consecutive years. This could be a reassuring sign for income-focused investors seeking stable dividend-paying stocks. However, it’s worth noting that 4 analysts have revised their earnings estimates downwards for the upcoming period, which could be a point of concern for potential investors.

The stock’s trading patterns are also of interest, as Avery Dennison has been trading near its 52-week high, with a price 98.35% of that peak. This, combined with a large price uptick over the last six months, with a total return of 26.57%, may suggest strong market sentiment and momentum. Nevertheless, investors should consider that the company’s short-term obligations exceed its liquid assets, which could pose liquidity risks.

For those looking to delve deeper into Avery Dennison’s financial health and future prospects, InvestingPro offers additional insights. There are 12 more InvestingPro Tips available for Avery Dennison, providing a more comprehensive analysis. To access these tips and make informed investment decisions, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

TEMPE, Ariz.–(BUSINESS WIRE)–Align Technology, Inc. (Align) (Nasdaq: NASDAQ:) a leading global medical device company that designs, manufactures, and sells the Invisalign ® system of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today announced that the company is scheduled to speak at upcoming financial conferences. The presentations, as noted below, will be webcast live via the Investor Relations section of Align Technology ‘s website at http://investor.aligntech.com. An archived replay will remain on the website for approximately three months.

About Align Technology, Inc.

Align Technology designs and manufactures the Invisalign ® system, the most advanced clear aligner system in the world, iTero™ intraoral scanners and services, and exocad™ CAD/CAM software. These technology building blocks enable enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies for over 261 thousand doctor customers and are key to accessing Align’s 600 million consumer market opportunity worldwide. Over the past 27 years, Align has helped doctors treat over 17.6 million patients with the Invisalign system and is driving the evolution in digital dentistry through the Align Digital Platform™, our integrated suite of unique, proprietary technologies and services delivered as a seamless, end-to-end solution for patients and consumers, orthodontists and GP dentists, and lab/partners. Visit www.aligntech.com for more information.

For additional information about the Invisalign system or to find an Invisalign doctor in your area, please visit www.invisalign.com. For additional information about the iTero digital scanning system, please visit www.itero.com. For additional information about exocad dental CAD/CAM offerings and a list of exocad reseller partners, please visit www.exocad.com.

Invisalign, iTero, exocad, Align, Align Digital Platform and iTero Lumina are trademarks of Align Technology, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240513615948/en/

Align Technology
Madelyn Valente
(909) 833-5839
mvalente@aligntech.com

Zeno Group
Sarah Johnson
(828) 551-4201
sarah.johnson@zenogroup.com

Source: Align Technology, Inc.

Phoenix-based advisor Steven Schultz ranked #1 in Arizona and #85 nationally

PHOENIX–(BUSINESS WIRE)–UBS announced today that 16 of its financial advisors in Arizona have been named to the Forbes Best-in-State Wealth Advisors list for 2024. Additionally, Steven Schultz, an advisor in the firm’s Phoenix office, ranked #1 in Arizona on the Best-in-State list, and was also named to the Forbes America’s Top Wealth Advisors list for 2024, ranking #85 nationally.

On behalf of our entire team, I extend sincere congratulations to each of these talented financial advisors and I’m incredibly proud to see them recognized for their outstanding accomplishments, said Shawn Bernhard, Market Director for UBS in Arizona. Their tireless dedication, industry expertise and unwavering commitment to providing excellent service helps UBS clients achieve their life aspirations through tailored financial advice.

The advisors in Arizona named to the 2024 Forbes Best-in-State Wealth Advisors list include:

The 2024 Forbes/SHOOK Best-in-State Wealth Advisors sixth annual list is comprised of 8,507 wealth advisors, collectively managing nearly $13.5 trillion in client assets. The 250 financial professionals featured on the 2024 Forbes/SHOOK America’s Top Wealth Advisors list collectively manage nearly $1.5 trillion in assets. The rankings, compiled by SHOOK Research, use quantitative and qualitative data, including interviews, financial data, and compliance records, to rank candidates nominated by their firms.

For the full Best-in-State list, visit: https://www.forbes.com/lists/best-in-state-wealth-advisors/

For the full Top Wealth Advisors list, visit: https://www.forbes.com/lists/top-wealth-advisors/

Notes to Editors

About UBS

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.5 trillion dollars of invested assets as per second quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

© UBS 2024. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Although neither UBS Financial Services Inc. or its employees pay a fee in exchange for these ratings, UBS may hire RJ Shook to be a speaker for events. Past performance is not an indication of future results. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240513870750/en/

Beth Walsh
858-254-2845
beth@clearpointagency.com
https://www.ubs.com

Source: UBS