Principal Financial Group Inc. Has $66.81 Million Position in Avery Dennison Corporation $AVY

Principal Financial Group Inc. lessened its stake in shares of Avery Dennison Corporation (NYSE:AVY) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 367,294 shares of the industrial products company’s stock after selling 3,777 shares during the period. Principal Financial Group Inc. owned 0.48% of Avery Dennison worth $66,805,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AVY. Wellington Management Group LLP grew its stake in Avery Dennison by 12.5% in the 3rd quarter. Wellington Management Group LLP now owns 5,808,960 shares of the industrial products company’s stock valued at $942,039,000 after buying an additional 644,664 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Avery Dennison during the 3rd quarter worth about $74,942,000. Ameriprise Financial Inc. grew its holdings in Avery Dennison by 30.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock valued at $298,613,000 after buying an additional 435,156 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Avery Dennison by 3.6% during the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company’s stock worth $1,683,185,000 after buying an additional 361,231 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Avery Dennison in the third quarter worth $51,443,000. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Price Performance

NYSE AVY opened at $165.47 on Friday. Avery Dennison Corporation has a 12-month low of $156.23 and a 12-month high of $199.54. The firm’s 50 day moving average is $172.33 and its 200-day moving average is $178.31. The company has a market capitalization of $12.73 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.84. 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 issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Equities research analysts anticipate that Avery Dennison Corporation will post 10.06 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s dividend payout ratio (DPR) is currently 45.10%.

Insiders Place Their Bets

In other Avery Dennison news, Director Mitchell R. Butier sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total transaction of $3,477,600.00. Following the sale, the director directly owned 211,147 shares of the company’s stock, valued at approximately $36,714,240.36. This represents a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AVY shares. JPMorgan Chase & Co. lowered their price objective on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup dropped their target price on Avery Dennison from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. BMO Capital Markets boosted their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Avery Dennison in a report on Wednesday, April 1st. They issued a “buy” rating and a $200.00 price target for the company. Finally, Truist Financial restated a “buy” rating and issued a $221.00 price objective (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.11.

Avery Dennison Company Profile

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.