Hsbc Holdings PLC Sells 34,267 Shares of Avery Dennison Corporation $AVY

Hsbc Holdings PLC decreased its position in shares of Avery Dennison Corporation (NYSE:AVY) by 19.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 138,334 shares of the industrial products company’s stock after selling 34,267 shares during the quarter. Hsbc Holdings PLC’s holdings in Avery Dennison were worth $25,181,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AVY. Empowered Funds LLC boosted its holdings in Avery Dennison by 6.4% in the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock valued at $2,409,000 after acquiring an additional 819 shares during the last quarter. Focus Partners Wealth raised its holdings in Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 278 shares during the last quarter. Intech Investment Management LLC acquired a new position in Avery Dennison during the 1st quarter valued at about $1,209,000. EverSource Wealth Advisors LLC lifted its position in Avery Dennison by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 242 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Avery Dennison in the 2nd quarter valued at about $241,000. 94.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AVY shares. Raymond James Financial set a $192.00 price target on shares of Avery Dennison in a research report on Tuesday, April 21st. Truist Financial restated a “buy” rating and issued a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Citigroup lowered their target price on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $201.33.

Avery Dennison Stock Down 0.5%

Shares of NYSE AVY opened at $166.18 on Tuesday. Avery Dennison Corporation has a 52-week low of $152.42 and a 52-week high of $199.54. 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 market cap of $12.71 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.89 and a beta of 0.82. The firm has a 50 day moving average price of $160.56 and a 200 day moving average price of $173.95.

Avery Dennison (NYSE:AVY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Analysts expect that Avery Dennison Corporation will post 10 EPS for the current year.

Avery Dennison Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is 45.10%.

Avery Dennison Company 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.