Independent Director Andres Lopez Just Sold A Bunch Of Shares In Avery Dennison Corporation (NYSE:AVY)

Some Avery Dennison Corporation (NYSE:AVY) shareholders may be a little concerned to see that the Independent Director, Andres Lopez, recently sold a substantial US$1.1m worth of stock at a price of US$182 per share. That diminished their holding by a very significant 82%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for Avery Dennison

The Last 12 Months Of Insider Transactions At Avery Dennison

Notably, that recent sale by Andres Lopez is the biggest insider sale of Avery Dennison shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$178. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Avery Dennison insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Avery Dennison better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Avery Dennison

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.7% of Avery Dennison shares, worth about US$94m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Avery Dennison Insiders?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Avery Dennison is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Avery Dennison. At Simply Wall St, we found 2 warning signs for Avery Dennison that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.