Avery Dennison Corporation $AVY Position Cut by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in Avery Dennison Corporation (NYSE:AVY) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,250 shares of the industrial products company’s stock after selling 4,044 shares during the quarter. Principal Financial Group Inc.’s holdings in Avery Dennison were worth $62,727,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. CPC Advisors LLC bought a new position in Avery Dennison in the 4th quarter valued at about $1,464,000. Retirement Systems of Alabama raised its position in shares of Avery Dennison by 87.9% during the 4th quarter. Retirement Systems of Alabama now owns 228,979 shares of the industrial products company’s stock worth $41,647,000 after buying an additional 107,109 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Avery Dennison by 8.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock worth $30,857,000 after acquiring an additional 13,494 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Avery Dennison in the 4th quarter worth approximately $2,546,000. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of Avery Dennison by 245.5% in the third quarter. Tudor Investment Corp ET AL now owns 99,074 shares of the industrial products company’s stock valued at $16,067,000 after acquiring an additional 70,398 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Performance

Avery Dennison stock opened at $163.09 on Friday. The firm’s 50 day simple moving average is $159.76 and its 200-day simple moving average is $172.70. The company has a market cap of $12.47 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. 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 fifty-two week low of $152.42 and a fifty-two week high of $199.54.

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

Avery Dennison Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $1.00 per share. This is an increase from Avery Dennison’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $4.00 annualized dividend and a yield of 2.5%. Avery Dennison’s dividend payout ratio (DPR) is presently 45.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Avery Dennison in a report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price on the stock. Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research report on Tuesday, April 21st. Argus set a $175.00 price objective on Avery Dennison in a report on Thursday, June 4th. Finally, UBS Group decreased their target price 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. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average price target of $200.11.

Avery Dennison 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.