Avery Dennison Senior VP & Chief Information Officer Nicholas Colisto Sells 35% Of Holding

Some Avery Dennison Corporation (NYSE:AVY) shareholders may be a little concerned to see that the Senior VP & Chief Information Officer, Nicholas Colisto, recently sold a substantial US$663k worth of stock at a price of US$171 per share. That's a big disposal, and it decreased their holding size by 35%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Avery Dennison

In fact, the recent sale by Nicholas Colisto was the biggest sale of Avery Dennison shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$169. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Avery Dennison

I will like Avery Dennison better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Avery Dennison Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Avery Dennison insiders own about US$82m worth of shares. That equates to 0.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Avery Dennison Insider Transactions Indicate?

Insiders haven't bought Avery Dennison stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Avery Dennison is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Avery Dennison has 2 warning signs and it would be unwise to ignore these.

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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 of direct interests only, but not derivative transactions or indirect interests.

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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.