Principal Financial Group Inc. Reduces Position in Avery Dennison Corporation $AVY

Principal Financial Group Inc. decreased its holdings in Avery Dennison Corporation (NYSE:AVY) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 363,250 shares of the industrial products company’s stock after selling 4,044 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Avery Dennison worth $62,727,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Avery Dennison by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 10,448,799 shares of the industrial products company’s stock valued at $1,900,428,000 after purchasing an additional 69,662 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Avery Dennison by 12.5% during the third quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock worth $942,039,000 after buying an additional 644,664 shares in the last quarter. Morgan Stanley increased its stake in shares of Avery Dennison by 20.1% in the fourth quarter. Morgan Stanley now owns 3,869,889 shares of the industrial products company’s stock worth $703,856,000 after buying an additional 647,795 shares during the last quarter. State Street Corp increased its stake in shares of Avery Dennison by 0.9% in the fourth quarter. State Street Corp now owns 3,701,598 shares of the industrial products company’s stock worth $673,247,000 after buying an additional 34,124 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in 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 acquiring an additional 77,272 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Trading Up 4.0%

NYSE:AVY opened at $163.09 on Friday. The firm has a market capitalization of $12.47 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.79 and a beta of 0.82. The business has a 50 day simple moving average of $159.76 and a 200 day simple moving average of $172.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. Avery Dennison Corporation has a 12-month low of $152.42 and a 12-month high of $199.54.

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

Avery Dennison Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a $1.00 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $4.00 annualized dividend and a yield of 2.5%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is 45.10%.

Analysts Set New Price Targets

Several brokerages have weighed in on AVY. Citigroup decreased their price objective on shares of Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Argus set a $175.00 price target on shares of Avery Dennison in a research report on Thursday, June 4th. UBS Group decreased their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company 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.