Hsbc Holdings PLC Lowers Holdings in Avery Dennison Corporation $AVY

Hsbc Holdings PLC cut its holdings in Avery Dennison Corporation (NYSE:AVY) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AVY. Bartlett & CO. Wealth Management LLC boosted its stake 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 valued at $31,000 after purchasing an additional 169 shares in the last quarter. Root Financial Partners LLC raised its stake in Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after buying an additional 73 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Avery Dennison during the third quarter worth $36,000. Godfrey Financial Associates Inc. purchased a new stake in Avery Dennison during the fourth quarter worth $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Avery Dennison during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $163.37 on Thursday. The business’s 50 day moving average price is $161.27 and its 200 day moving average price is $174.77. The firm has a market cap of $12.50 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.71 and a beta of 0.82. Avery Dennison Corporation has a 52 week low of $152.42 and a 52 week high of $199.54. 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 (NYSE:AVY) last announced its quarterly 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 the consensus estimate of $2.26 billion. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts expect that Avery Dennison Corporation will post 10.05 earnings per share for the current year.

Avery Dennison Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AVY. UBS Group dropped their price objective on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a report on Tuesday, April 21st. Citigroup cut their price objective on shares of Avery Dennison from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Truist Financial reiterated a “buy” rating and set a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.33.

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.