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

Hsbc Holdings PLC acquired a new position in shares of Avery Dennison Corporation (NYSE:AVY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 148,984 shares of the industrial products company’s stock, valued at approximately $24,187,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Expect Equity LLC acquired a new stake in Avery Dennison during the 2nd quarter valued at $2,054,000. Palisade Capital Management LP acquired a new position in shares of Avery Dennison in the second quarter worth $1,371,000. Canada Pension Plan Investment Board acquired a new position in shares of Avery Dennison in the second quarter worth $6,283,000. Legal & General Group Plc purchased a new stake in shares of Avery Dennison in the second quarter valued at $62,786,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Avery Dennison in the second quarter valued at $118,728,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Insider Buying and Selling at Avery Dennison

In other 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 transaction of $298,944.62. Following the transaction, the senior vice president directly owned 7,585 shares in the company, valued at $1,301,661.85. This represents a 18.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by insiders.

Avery Dennison Price Performance

Shares of NYSE:AVY opened at $178.42 on Friday. The company has a market cap of $13.52 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.33 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. The business has a fifty day simple moving average of $168.50 and a 200-day simple moving average of $169.92.

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

Avery Dennison Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on AVY shares. Wall Street Zen upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America restated a “buy” rating on shares of Avery Dennison in a report on Friday, August 14th. JPMorgan Chase & Co. raised their price target on shares of Avery Dennison from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Truist Financial lowered their price target on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Avery Dennison from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $201.22.

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.