First Hawaiian Bank Sells 1,319 Shares of Avery Dennison Corporation $AVY

First Hawaiian Bank reduced its holdings in Avery Dennison Corporation (NYSE:AVY) by 8.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,016 shares of the industrial products company’s stock after selling 1,319 shares during the period. First Hawaiian Bank’s holdings in Avery Dennison were worth $2,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in AVY. Bayforest Capital Ltd bought a new position in Avery Dennison in the 1st quarter worth approximately $27,000. SouthState Corp increased its position in Avery Dennison by 195.7% in the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company’s stock worth $37,000 after buying an additional 137 shares during the period. Costello Asset Management INC bought a new position in Avery Dennison in the 1st quarter worth approximately $40,000. Transamerica Financial Advisors LLC increased its position in Avery Dennison by 800.0% in the 1st quarter. Transamerica Financial Advisors LLC now owns 234 shares of the industrial products company’s stock worth $42,000 after buying an additional 208 shares during the period. Finally, Ransom Advisory Ltd bought a new position in Avery Dennison in the 1st quarter worth approximately $43,000. 94.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVY has been the topic of several recent analyst reports. Raymond James Financial lifted their price target on Avery Dennison from $194.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price objective on Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Avery Dennison from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. BMO Capital Markets restated an “outperform” rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, Citigroup boosted their price objective on Avery Dennison from $177.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $197.60.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $165.71 on Friday. The business’s fifty day moving average price is $173.87 and its two-hundred day moving average price is $175.66. Avery Dennison Corporation has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.59 and a beta of 0.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the business posted $2.42 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, September 3rd. Avery Dennison’s dividend payout ratio is 42.20%.

Avery Dennison Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.