Hsbc Holdings PLC Has $22.95 Million Stock Position in Avery Dennison Corporation $AVY

Hsbc Holdings PLC cut its holdings in Avery Dennison Corporation (NYSE:AVY) by 3.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,288 shares of the industrial products company’s stock after selling 5,046 shares during the period. Hsbc Holdings PLC owned approximately 0.17% of Avery Dennison worth $22,949,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AVY. Coldstream Capital Management Inc. boosted its holdings in Avery Dennison by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 54 shares during the period. Huntington National Bank increased its holdings in shares of Avery Dennison by 3.2% during the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 56 shares during the period. Capital Investment Advisors LLC raised its position in shares of Avery Dennison by 3.4% in the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock valued at $334,000 after buying an additional 61 shares in the last quarter. Resources Management Corp CT ADV raised its position in shares of Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after buying an additional 62 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in shares of Avery Dennison by 3.6% in the fourth quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock valued at $338,000 after buying an additional 64 shares during the period. 94.17% of the stock is owned by institutional investors.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $155.45 on Wednesday. Avery Dennison Corporation has a 1 year low of $152.42 and a 1 year high of $199.54. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.82 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. The company’s 50 day simple moving average is $159.53 and its 200 day simple moving average is $172.18.

Avery Dennison (NYSE:AVY) last released 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 firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 earnings per share. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts predict that Avery Dennison Corporation will post 10 EPS for the current fiscal 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 $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.6%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. Avery Dennison’s payout ratio is 45.10%.

Analyst Ratings Changes

AVY has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup cut their target price on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Truist Financial reduced their target price on Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Bank of America raised their price target on Avery Dennison from $202.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a research note on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.11.

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.