Hsbc Holdings PLC Sells 5,046 Shares of Avery Dennison Corporation $AVY

Hsbc Holdings PLC lowered its stake in Avery Dennison Corporation (NYSE:AVY) by 3.6% during the first quarter, HoldingsChannel.com reports. 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’s holdings in Avery Dennison were worth $22,949,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after buying an additional 169 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Avery Dennison during the 3rd quarter valued at $36,000. Godfrey Financial Associates Inc. bought a new stake in Avery Dennison during the 4th quarter worth $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Avery Dennison during the 2nd quarter worth $37,000. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Down 1.8%

Shares of NYSE:AVY opened at $155.45 on Wednesday. The firm has a market cap of $11.89 billion, a P/E ratio of 17.53, a P/E/G ratio of 2.82 and a beta of 0.82. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54. The business has a fifty day simple moving average of $159.53 and a 200 day simple moving average of $172.18.

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

Avery Dennison Increases Dividend

The business 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 is an increase from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avery Dennison’s payout ratio is presently 45.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AVY shares. Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Bank of America boosted their price target on Avery Dennison from $202.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Citigroup lowered their price objective on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. UBS Group dropped their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Truist Financial cut their target price on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Seven research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.11.

About Avery Dennison

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.