Hsbc Holdings PLC Purchases 15,696 Shares of Avery Dennison Corporation $AVY

Hsbc Holdings PLC grew its position in Avery Dennison Corporation (NYSE:AVY - Free Report) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,984 shares of the industrial products company's stock after purchasing an additional 15,696 shares during the period. Hsbc Holdings PLC owned about 0.20% of Avery Dennison worth $24,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Avery Dennison during the 2nd quarter worth approximately $1,052,464,000. Wellington Management Group LLP increased its holdings in Avery Dennison by 12.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company's stock worth $942,039,000 after purchasing an additional 644,664 shares in the last quarter. Morgan Stanley increased its holdings in Avery Dennison by 20.1% during the 4th quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company's stock worth $703,856,000 after purchasing an additional 647,795 shares in the last quarter. State Street Corp raised its stake in shares of Avery Dennison by 0.9% in the 4th quarter. State Street Corp now owns 3,701,598 shares of the industrial products company's stock valued at $673,247,000 after purchasing an additional 34,124 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Avery Dennison by 4.9% in the third quarter. Invesco Ltd. now owns 1,659,862 shares of the industrial products company's stock valued at $269,180,000 after purchasing an additional 77,272 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Insider Activity at Avery Dennison

In other news, SVP Ignacio Walker sold 1,742 shares of Avery Dennison stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the transaction, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. The trade was a 18.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVY. Citigroup upped their price objective on Avery Dennison from $184.00 to $186.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on Avery Dennison from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Argus set a $175.00 price target on shares of Avery Dennison in a research note on Thursday, June 4th. Truist Financial lowered their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Avery Dennison from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $201.22.

Avery Dennison Stock Performance

Shares of AVY stock opened at $170.87 on Wednesday. The company has a fifty day moving average price of $170.53 and a two-hundred day moving average price of $168.83. Avery Dennison Corporation has a one year low of $152.42 and a one year high of $199.54. The stock has a market cap of $12.95 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.12 and a beta of 0.81. 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 - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the business earned $2.42 EPS. Avery Dennison's revenue for the quarter 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. As a group, equities analysts predict that Avery Dennison Corporation will post 10.15 EPS for the current year.

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. Avery Dennison's dividend payout ratio (DPR) is presently 43.81%.

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.

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