Hsbc Holdings PLC Reduces Stake in Avery Dennison Corporation $AVY

Hsbc Holdings PLC lowered its stake in Avery Dennison Corporation (NYSE:AVY) by 19.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,334 shares of the industrial products company’s stock after selling 34,267 shares during the period. Hsbc Holdings PLC owned 0.18% of Avery Dennison worth $25,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Avery Dennison during the fourth quarter worth about $188,438,000. Morgan Stanley increased its position in Avery Dennison by 20.1% during the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock valued at $703,856,000 after buying an additional 647,795 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Avery Dennison by 12.5% in the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after acquiring an additional 644,664 shares in the last quarter. Cooke & Bieler LP bought a new position in shares of Avery Dennison during the fourth quarter valued at $105,616,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Avery Dennison in the 3rd quarter worth about $74,942,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AVY. Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. UBS Group lowered their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Raymond James Financial set a $192.00 price objective on Avery Dennison in a report on Tuesday, April 21st. Truist Financial reissued a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Finally, Argus set a $175.00 target price on shares of Avery Dennison in a research note on Thursday, June 4th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $201.33.

Avery Dennison Trading Up 3.5%

Shares of AVY stock opened at $163.37 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 1.15. The stock has a fifty day simple moving average of $161.27 and a two-hundred day simple moving average of $174.77. The firm has a market capitalization of $12.50 billion, a PE ratio of 18.42, a PEG ratio of 2.71 and a beta of 0.82. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $2.30 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts predict that Avery Dennison Corporation will post 10.05 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were issued a $1.00 dividend. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date was Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

Avery Dennison Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.