Hsbc Holdings PLC Invests $24.19 Million in Avery Dennison Corporation $AVY

Hsbc Holdings PLC purchased a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 148,984 shares of the industrial products company’s stock, valued at approximately $24,187,000. Hsbc Holdings PLC owned approximately 0.20% of Avery Dennison as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new position in Avery Dennison during the 2nd quarter worth approximately $27,000. Root Financial Partners LLC lifted its holdings in shares of Avery Dennison by 60.8% in the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after buying an additional 73 shares during the period. Elevation Wealth Partners LLC lifted its holdings in shares of Avery Dennison by 684.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Avery Dennison during the second quarter worth $37,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

NYSE AVY opened at $178.42 on Friday. The business has a 50 day moving average price of $168.50 and a 200 day moving average price of $169.92. The company has a market capitalization of $13.52 billion, a P/E ratio of 19.54, a PEG ratio of 2.33 and a beta of 0.81. Avery Dennison Corporation has a 1-year low of $152.42 and a 1-year high of $199.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 0.79.

Avery Dennison (NYSE:AVY) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.30 billion. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.Avery Dennison’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Sell-side analysts expect that Avery Dennison Corporation will post 10.15 EPS for the current fiscal year.

Avery Dennison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be given a $1.00 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. Avery Dennison’s payout ratio is currently 43.81%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial cut their price objective on Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Bank of America reaffirmed a “buy” rating on shares of Avery Dennison in a research note on Friday, August 14th. UBS Group increased their price target on shares of Avery Dennison from $218.00 to $225.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.22.

Insider Activity at Avery Dennison

In related news, SVP Ignacio J. Walker sold 1,742 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $171.61, for a total value of $298,944.62. Following the sale, the senior vice president directly owned 7,585 shares of the company’s stock, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

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.